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In Problem C.10, if 10 percent of the firms are to exceed a certain profit, what is that profit? Problem

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In Problem C.10, if 10 percent of the firms are to exceed a certain profit, what is that profit?
Problem C.10
Profits (X) in an industry consisting of 100 firms are normally distributed with a mean value of $1.5 million and a standard deviation (s.d.) of $120,000.

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Essentials of Econometrics

Essentials of Econometrics

ISBN: 978-0073375847

4th edition

Authors: Damodar Gujarati, Dawn Porter

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Question Posted: April 12, 2016 07:37:20
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