Suppose that the quarterly sales levels among health care information systems companies are approximately normally dis with a mean of 10 million dollars and a standard deviation of 1.1 million dollars. One health care information systems com considers a quarter a "failure" if its sales level that quarter is in the bottom 15% of all quarterly sales levels. Determine th level (in millions of dollars) that is the cutoff between quarters that are considered "failures" by that company and quarters not. Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place. million dollars

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Suppose that the quarterly sales levels among health care information systems companies are approximately normally distributed
with a mean of 10 million dollars and a standard deviation of 1.1 million dollars. One health care information systems company
considers a quarter a "failure" if its sales level that quarter is in the bottom 15% of all quarterly sales levels. Determine the sales
level (in millions of dollars) that is the cutoff between quarters that are considered "failures" by that company and quarters that are
not. Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place.
million dollars
Explanation
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Transcribed Image Text:Suppose that the quarterly sales levels among health care information systems companies are approximately normally distributed with a mean of 10 million dollars and a standard deviation of 1.1 million dollars. One health care information systems company considers a quarter a "failure" if its sales level that quarter is in the bottom 15% of all quarterly sales levels. Determine the sales level (in millions of dollars) that is the cutoff between quarters that are considered "failures" by that company and quarters that are not. Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place. million dollars Explanation Check © 2022 McGraw Hill LLC. AIl Rights Reserved. Terms of Use Privacy Center Accessit MacBook Air 80 DII DD esc FB F10 F11 F1 F2 F3 F4 FS F6 F7 F9 @ 23 $ & 4 6. 7 * C0
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