Question
The weekly amount of money spent on cleaning, maintenance, and repairs at a large restaurant was...
The weekly amount of money spent on cleaning, maintenance, and repairs at a large restaurant was observed over a long period of time to be approximately normally distributed with mean ? = $615 and standard deviation ? = $42. a. If $646 is budgeted for next week, what s the probability that the actual costs will exceed the budgeted amount? b. How much should be budgeted for weekly repairs, cleaning, and maintenance so that the probability the budgeted amount will be exceeded in a given week is only 10%?
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