If Orange consumption (O) is distributed normally (mean=10.4, sd31.4), calculate the following. (all values rounded to 3 significant digits) The minimum amount of oranges consumed by the top 13% of consumers. Answer:

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter19: Externalities And Public Goods
Section: Chapter Questions
Problem 19.12P
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If Orange consumption (O) is distributed normally (mean=10.4, sd=1.4), calculate the
following. (all values rounded to 3 significant digits)
The minimum amount of oranges consumed by the top 13% of consumers.
Answer:
Transcribed Image Text:If Orange consumption (O) is distributed normally (mean=10.4, sd=1.4), calculate the following. (all values rounded to 3 significant digits) The minimum amount of oranges consumed by the top 13% of consumers. Answer:
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