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Question
Choose the correct alternative:
Monthly expenditure on their credit cards, by credit cardholders from a certain bank, follows a normal distribution with a mean of ₹ 1,295.00 and a standard deviation of ₹ 750.00. What proportion of credit cardholders spend more than ₹ 1,500.00 on their credit cards per month?
Options
0.487
0.394
0.500
0.791
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Solution
0.394
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