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Homework help - how to find the mean? (10 points for best answer!)?
The annual assets for First Michigan corporation is approximately normally distributed with standard deviation 58 million. The mean is not known. However it is known that 62% of the assets is over 205.3 million. Find the mean assets value in millions. Answer to 2 decimal places.
I have no idea how to do this homework problem. Any help would be appreciated!
1 Answer
- Anonymous1 year ago
Add them all up, than divide 58 million by 62 percent, then you will have the answer. Add 58 million, plus the 205,3 million up to. Then divide.