A credit card company monitors cardholder transaction habits to detect any unusual activity. Suppose that the dollar
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Question:
A credit card company monitors cardholder transaction habits to detect any unusual activity. Suppose that the dollar value of unusual activity for a customer in a month follows a normal distribution with mean $250 and variance $391.
What is the probability of more than $300 in unusual activity in a month? Provide your answer in decimal format with 4 decimal points
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Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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