Math Problem Statement
The scores on the questionnaire are approximately normally distributed with a mean of 49.5 and a standard deviation of 14. The customers with scores in the bottom 15% are described as “risk averse”. What is the questionnaire score that separates customers who are considered risk averse from those who are not?
Solution
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Math Problem Analysis
Mathematical Concepts
Normal Distribution
Percentiles
Z-score
Formulas
Normal distribution formula
Z-score formula
Theorems
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Suitable Grade Level
Grades 11-12
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