Solution) In a local borough, for retail premises, 60% of the rateable values are in excess of £2,700 and 35%
Question: In a local borough, for retail premises, 60% of the rateable values are in excess of £2,700 and 35% are in excess of £3,100. If such values are normally distributed, find:
a) the mean and standard deviation [1 mark]
b) the proportion of premises with a rateable value (RV) in excess of £3,500 [1 mark]
c) the range for the middle 50% of the RVs [1 mark]
Price: $2.99
Solution: The answer consists of 2 pages
Deliverables: Word Document
Deliverables: Word Document
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