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Suppose that the waiting time for a license plate renewal at a local office of a state motor vehicle department has been found to be normally distributed with a mean of 30 minutes and a standard deviation of 8 minutes.Suppose that in an effort to provide better service to the public,the director of the local office is permitted to provide discounts to those individuals whose waiting time exceeds a predetermined time.The director decides that 15 percent of the customers should receive this discount.What are the numbers of minutes they need to wait to receive the discount?
Production Equipment
Machinery and tools that are used in the manufacturing process to create products and goods.
Bonds
Fixed-income instruments that represent a loan made by an investor to a borrower, typically corporate or governmental, which pay periodic interest payments and repay the principal at maturity.
Financial Assets
Assets that derive value from a contractual claim, such as stocks, bonds, bank deposits, and other securities.
Total Assets
The sum of all resources owned by an individual, corporation, or country, including both current and noncurrent assets.
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