Question

In: Statistics and Probability

For customers with a particular phone company, the amount that is paid monthly (in dollars) is...

For customers with a particular phone company, the amount that is paid monthly (in dollars) is normally distributed, with a mean of 83 and a standard deviation of 2.75.

Find the value k such that 80% of all customers pay less than k dollars per month. Select the closest to your answer.

options:

85.5

85.3

85.2

85.0

85.4

85.1

Solutions

Expert Solution

The value k such that 80% of all customers pay less than k dollars per month is 85.3.

Correct option: Option 2

orchestra answered 1 year ago
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