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StatisticsQ&A LibrarySuppose the mean income of firms in the industry for a year is 4545 million dollars with a standard deviation of 13 million dollars. If incomes for the industry are distributed normally, what is the probability that a randomly selected firm will earn less than 60 million dollars? Round your answer to four decimal places.Question

Asked Dec 8, 2019

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Suppose the mean income of firms in the industry for a year is 4545 million dollars with a standard deviation of 13 million dollars. If incomes for the industry are distributed normally, what is the probability that a randomly selected firm will earn less than 60 million dollars? Round your answer to four decimal places.

Step 1

Given information:

Step 2

Let X is random variable.

The probability that a randomly selected firm wi...

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