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In 2015, the average cost for basic utilities (electricity, heating, water and garbage) in a 2...

In 2015, the average cost for basic utilities (electricity, heating, water and garbage) in a 2 bedroom apartment in Melbourne was $172 with a standard deviation of $27 per month. Assuming these costs are normally distributed, find the monthly cost of basic utilities for a two bedroom apartment in Melbourne which is on the 70th percentile of this distribution.

Math   Statistics-And-Probability   
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Answer #1

Here monthly cost of basic utilities for two bedroom apartment which is on the 70th percentile is $186.04.

For detailed explanation I have attached the solution. Please find the attachment.

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