Before a New Phone System Was Installed, the Amount a Company

question 48

Multiple Choice

Before a new phone system was installed, the amount a company spent on personal calls followed a normal distribution with an average of $700 per month and a standard deviation of $50 per month. Refer to such expenses as PCE's (personal call expenses) . Find the point in the distribution
Below which 2.5% of the PCE's fell.

• A) $17.50
• B) $682.50
• C) $798.00
• D) $602.00

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