[Step-by-Step] 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
Question: 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 a mean of $410 and a standard deviation of $20. If $460 is budgeted for the next week, what is the probability that the actual costs will exceed the budgeted amount?
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