If the company plans to target the bottom 18 of the


An advertising company plans to market a product to low-income families. A study states that for a particular area, the average income per family is$24,596 and the standard deviation is$6256. If the company plans to target the bottom 18% of the families based on income, find the cut offincome. Assume the variable is normally distributed.

Solution Preview :

Prepared by a verified Expert
Basic Statistics: If the company plans to target the bottom 18 of the
Reference No:- TGS01471531

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)