The hourly cost to hire a handyman in a particular city is normally distributed with a mean of $40 and a standard deviation of $6.50. If a handyman charges an hourly cost that is in the lowest 5% of costs, what is the most this handyman would charge per hour?
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We know that the hourly cost to hire a handyman in this city is normally distributed with a mean of S40 and a standard deviation of S6.50. Show more…
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