Most restaurants suggest that tips should exceed 18%. In fact, tips are a normally distributed random variable

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Most restaurants suggest that tips should exceed 18%. In fact, tips are a normally distributed random variable with a mean of 15% and a standard deviation of 2%. Determine the tip amount that is exceeded only by the top 1%.

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Statistics For Management And Economics

ISBN: 9780357714270

12th Edition

Authors: Gerald Keller

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Question Posted: Apr 07, 2023 10:10 PM

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Most restaurants suggest that tips should exceed 18%. In fact, tips are a normally distributed random variable

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Statistics For Management And Economics

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