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Most graduate schools of business require applicants for admission to take the Graduate Management Admission Council's GMAT examination. Scores on the GMAT are roughly normally distributed with a mean of 527 and a standard deviation of 112 What is the probability of an individual scoring 500 or higher on the GMAT? If a prestigious business school will only take those students who score in the top 5%, what score would you need to have to be accepted?

Most graduate schools of business require applicants for admission to take the Graduate Management Admission Council's GMAT examination. Scores on the GMAT are roughly normally distributed with a mean of 527 and a standard deviation of 112 What is the probability of an individual scoring 500 or higher on the GMAT? If a prestigious business school will only take those students who score in the top 5%, what score would you need to have to be accepted?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Most graduate schools of business require applicants for admission to take the Graduate Management Admission Council's GMAT examination. Scores on the GMAT are roughly normally distributed with a mean of 527 and a standard deviation of 112 What is the probability of an individual scoring 500 or higher on the GMAT? If a prestigious business school will only take those students who score in the top 5%, what score would you need to have to be accepted?
Transcribed Image Text:Most graduate schools of business require applicants for admission to take the Graduate Management Admission Council's GMAT examination. Scores on the GMAT are roughly normally distributed with a mean of 527 and a standard deviation of 112 What is the probability of an individual scoring 500 or higher on the GMAT? If a prestigious business school will only take those students who score in the top 5%, what score would you need to have to be accepted?
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