Answer:
5.66 years
Step-by-step explanation:
450 x 1.025^(n) = 450 + 67.50
450 x 1.025^(n) = 517.50
1.025^(n) =(517.50 / 450)
1.025^(n) = 1.15
n = ln(1.15) / ln(1.025)
n = 5.66
 
        
             
        
        
        
 Let X be the national sat score. X follows normal distribution with mean μ =1028, standard deviation σ = 92
The 90th percentile score is nothing but the x value for which area below x is 90%.
To find 90th percentile we will find find z score such that probability below z is 0.9
P(Z <z) = 0.9
Using excel function to find z score corresponding to probability 0.9 is
z = NORM.S.INV(0.9) = 1.28
z =1.28
Now convert z score into x value using the formula
x = z *σ + μ
x = 1.28 * 92 + 1028
x = 1145.76
The 90th percentile score value is 1145.76
The probability that randomly selected score exceeds 1200 is
P(X > 1200) 
Z score corresponding to x=1200 is
z = 
z = 
z = 1.8695 ~ 1.87
P(Z > 1.87 ) = 1 - P(Z < 1.87)
Using z-score table to find probability z < 1.87
P(Z < 1.87) = 0.9693
P(Z > 1.87) = 1 - 0.9693
P(Z > 1.87) = 0.0307
The probability that a randomly selected score exceeds 1200 is 0.0307
 
        
             
        
        
        
It’s not my answer but I think it’s correct!