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Finding the percentile 81, this separates the bottom 81% from the top 19%
Scores on a test are normally distributed with a mean of 60.9 and a standard deviation of 12. Find P81, which separates the bottom 81% from the top 19%.
a. 0.88
b. 0.291
c. 64.4
d. 71.5
If an overrun contract was bid at 12 million dollars, what does the least-squares line predict for the cost of overrun (as a percent of bid price)?
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