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The revenue for medical equipment companies had a mean of 50…

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The revenue for medical...

The revenue for medical equipment companies had a mean of 50 million dollars with a standard deviation of 14 million. Find the percentage of companies with revenue less than 79 million dollars. Assume the distribution is normal. Round your answer to the nearest hundredth.

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Submitted: 7 months ago.Category: Single Problem
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11/26/2017
Business Tutor: Dr. Donna Kakonge, Retired College Professor replied 7 months ago
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Dear Customer,

Thank you for coming to Just Answer. How many words does the answer to this question need to be?

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Customer reply replied 7 months ago
it says round your answer to the nearest hundredth.
Business Tutor: Dr. Donna Kakonge, Retired College Professor replied 7 months ago

Dear Customer,

Thank you. When is your deadline for this assignment?

Thank you and I look forward to your response.

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Customer reply replied 7 months ago
I am working on other questions too. Can't talk. Need the answer now.
Business Tutor: Dr. Donna Kakonge, Retired College Professor replied 7 months ago

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Can I get the answer to you by the end of today? I am in the middle of dealing with other Customers.

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Customer reply replied 7 months ago
no thanks. This site claimed help in minutes. My homework had to e completed and submitted. This is not helpful.
Business Tutor: Dr. Donna Kakonge, Retired College Professor replied 7 months ago

Dear Customer,

If I knew when your deadline was I could have done that. I did not know. There are many organized people who schedule their assignments weeks in advance. Some need it in minutes. It differs.

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Business Tutor: F. Naz, B.Com replied 7 months ago
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79-50/14 = 2.07 is the z score

Value for z score = 0.98077 or 98.08% of companies less than 79 million

http://math.arizona.edu/~rsims/ma464/standardnormaltable.pdf

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