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Statistics / Statistical Techniques in Business and Economics 15 / Chapter 7 / Problem 26

Statistical Techniques in Business and Economics | 15th Edition | ISBN: 9780073401805 | Authors: Douglas Lind, William Marchal, Samuel Wathen

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The SAT Reasoning Test (formerly called the Scholastic Aptitude Test) is perhaps the

Chapter 0, Problem 26

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QUESTION:

The SAT Reasoning Test (formerly called the Scholastic Aptitude Test) is perhaps the most widely used standardized test for college admissions in the United States. Scores are based on a normal distribution with a mean of 1500 and a standard deviation of 300. Clinton College would like to offer an honors scholarship to students who score in the top 10 percent of this test. What is the minimum score that qualifies for the scholarship?

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QUESTION:

The SAT Reasoning Test (formerly called the Scholastic Aptitude Test) is perhaps the most widely used standardized test for college admissions in the United States. Scores are based on a normal distribution with a mean of 1500 and a standard deviation of 300. Clinton College would like to offer an honors scholarship to students who score in the top 10 percent of this test. What is the minimum score that qualifies for the scholarship?

ANSWER:

Step 1 of 3

Mean of the SAT scores is and the standard deviation is .

Let be the random variable.

Now,

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