The federal government wants to charge a Medicare surcharge to Americans 65 or older whose income ranks
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The federal government wants to charge a Medicare surcharge to Americans 65 or older whose income ranks in the top 2 percent of all American family incomes. If the American family incomes follow a normal random variable with a mean that equals $60,000 and a standard deviation that equals $20,000, what should be the cutoff for the surcharge?
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Related Book For
Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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