According to the records of an electric company serving the Boston area, the mean electricity consumption during

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According to the records of an electric company serving the Boston area, the mean electricity consumption during winter for all households is 1650 kilowatt-hours per month. Assume that the monthly electric consumptions during winter by all households in this area have a normal distribution with a mean of 1650 kilowatt-hours and a standard deviation of 320 kilowatt-hours. The company sent a notice to Bill Johnson informing him that about 90% of the households use less electricity per month than he does. What is Bill Johnson’s monthly electricity consumption?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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