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Weekly maintenance costs for a factory recorded over a long period of time and adjusted for inflation tend to have an approximately symmetric bell shaped distribution with an average of $420, a maximum of $500 and a minimum of $380. If $450 is budgeted for next week, what is an approximate probability that this budgeted figure will be exceeded?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M972332

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