Multiple Choice
Before a new phone system was installed, the amount a company spent on personal calls followed a normal distribution with an average of $500 per month and a standard deviation of $50 per month. Refer to such expenses as PCE's (personal call expenses) . Find the point in the distribution below which 2.5% of the PCE's fell.
A) $402.00
B) $598.00
C) $12.50
D) $487.50
Correct Answer:

Verified
Correct Answer:
Verified
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