Is this correct ? if not what’s the correct answer?
1 answer:
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Answer:
<h2> $1945</h2>Step-by-step explanation:
Let X be the normal distribution
Kindly find attached a detailed annotation of the solution to the problem.
in the attached document, we found the value that corresponds to 80th percentile, hence we found the value such that the probability that the variable x is lower than this value is 0.8.
Also, from the calculation, we found that the value which corresponds to the 80th percentile is $1945
