Horse Race Time Is Found To Be Normally Distributed With A Mean Value Of 18 Minu

Horse race time is found to be normally distributed with a mean value of 18 minutes and a standard deviation of 4 minutes. Horses whose race time is in the top 6% will not be eligible to participate in a second round. What is the lowers race time that makes a horse losses his eligibility to participate in a second round?

SolutionHorse race time is found to be normally distributed with a mean value of 18 minutes and a standard deviation of 4 minutes. Horses whose race time is in the top 6% will not be eligible to…