A firm's marketing manager believes that total sales for next year will follow the normal distribution, with a mean of $3.2 million and a standard deviation of $250,000. Determine the sales level that...


A firm's marketing manager believes that total sales for next year will follow the normal distribution, with a mean of $3.2<br>million and a standard deviation of $250,000. Determine the sales level that has only a 3% chance of being exceeded nex<br>year.<br>• Use Excel, and round your answer to the nearest dollar.<br>

Extracted text: A firm's marketing manager believes that total sales for next year will follow the normal distribution, with a mean of $3.2 million and a standard deviation of $250,000. Determine the sales level that has only a 3% chance of being exceeded nex year. • Use Excel, and round your answer to the nearest dollar.

Jun 08, 2022
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