Trevor borrows $4000 on a 5-
2 answers:
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Answer:
$74,600
Step-by-step explanation:
-Given the probability is 2.5%, mean=$55,000 and standard deviation= $10,000
-We find the z value of 2.5%
Hence, the minimum amount of income to be in the top 2.5% is $74,600
The simplest way to do this is to set up equivalent fractions. So, you'd do:
= 
and then solve for x.
x=52
x=52