The weekly amount of money spent on maintenance and repairs by a company was observed, over...

 

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The weekly amount of money spent on maintenance and repairs by a company was observed, over a long period of time, to be approximately normally distributed with mean $490 and standard deviation $20. How much should be budgeted for weekly repairs and maintenance so that the probability the budgeted amount will be exceeded in a given week is only 0.01? (Round your answer to the nearest cent.) The weekly amount of money spent on maintenance and repairs by a company was observed, over a long period of time, to be approximately normally distributed with mean $490 and standard deviation $20. How much should be budgeted for weekly repairs and maintenance so that the probability the budgeted amount will be exceeded in a given week is only 0.01? (Round your answer to the nearest cent.)