A person must score in the upper 2% of the population on an admissions test to qualify for membership in society catering to highly intelligent individuals. If test scores are normally distributed with a mean of 140 and a standard deviation of 15, what is the minimum score a person must have to qualify for the society? (Round your answer to the nearest integer.)
A person must score in the upper 2% of the population on an admissions test to qualify for membership in society catering to highly intelligent individuals. If test scores are normally distributed with a mean of 140 and a standard deviation of 15, what is the minimum score a person must have to qualify for the society? (Round your answer to the nearest integer.)
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter17: Making Decisions With Uncertainty
Section: Chapter Questions
Problem 7MC
Related questions
Question
please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
![A person must score in the upper 2% of the population on an admissions test to qualify for membership in society catering to highly intelligent individuals. If test scores are
normally distributed with a mean of 140 and a standard deviation of 15, what is the minimum score a person must have to qualify for the society? (Round your answer to the
nearest integer.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1106c3e1-af34-49c2-b99a-5b22778444d0%2Fc3d5892e-27b4-463e-90de-c117b6efc348%2Fa8nz1we_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A person must score in the upper 2% of the population on an admissions test to qualify for membership in society catering to highly intelligent individuals. If test scores are
normally distributed with a mean of 140 and a standard deviation of 15, what is the minimum score a person must have to qualify for the society? (Round your answer to the
nearest integer.)
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning