A person must score in the upper 2% of the population on an admissions test to qualify for membership in society catering to highly intelligent individuals. If test scores are normally distributed with a mean of 140 and a standard deviation of 15, what is the minimum score a person must have to qualify for the society? (Round your answer to the nearest integer.)

A person must score in the upper 2% of the population on an admissions test to qualify for membership in society catering to highly intelligent individuals. If test scores are normally distributed with a mean of 140 and a standard deviation of 15, what is the minimum score a person must have to qualify for the society? (Round your answer to the nearest integer.)

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter17: Making Decisions With Uncertainty

Section: Chapter Questions

Problem 7MC

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