Question: Suppose that an MBA program in a university admits only people with GMAT scores among the top 5%. Assume that scores in the GMAT test

Suppose that an MBA program in a university admits only people with GMAT scores among the top 5%. Assume that scores in the GMAT test follows a N(500, 100) distribution. How high your GMAT score has to be to be admitted in this MBA program?

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