Let X Be a Continuous Random Variable That Follows a Normal

question 73

Short Answer

Let x be a continuous random variable that follows a normal distribution with a mean of 200 and a standard deviation of 51.
Find the value of x so that the area under the normal curve to the right of x is approximately 0.2946.Round your answer to two decimal places.

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Definitions:

Black Market Activities

Transactions that take place outside of officially sanctioned channels, often illegal or unregulated by the government.

Market Efficiency

The degree to which market prices reflect all available, relevant information, leading to optimal allocation of resources.

Quota

A regulatory limit on the quantity or value of a particular product that can be traded or produced.

Price Floor

A government or group-imposed price control that sets the minimum price at which a product can be sold.