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In: Statistics and Probability

You want to know the percentage of utility companies that earned revenue less than 39 million...

You want to know the percentage of utility companies that earned revenue less than 39 million or more than 81 million dollars. If the mean revenue was 60 million dollars and the data has a standard deviation of 13 million, find the percentage. Assume that the distribution is normal. Round your answer to the nearest hundredth.

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Expert Solution

Now,

The probability that earned revenue less than 39 million or more than 81 million dollars

The percentage of utility companies that earned revenue less than 39 million or more than 81 million dollars

= 100*0.1062

= 10.62%

orchestra answered 2 years ago
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