County health officials would like to ensure that quality he

County health officials would like to ensure that quality health care is available to its most needy citizens. They have received federal grant money to fund a clinic to serve those county residents who have annual incomes in the lowest 1.25% of all incomes in the county. Let \"I\" represent a resident\'s annual income. I ~ N(34000,14250625) The maximum allowable income a resident can have and still receive health care at the clinic is:

Solution

Using NORMINV(0.9875,34000,14250625), we get 31975389.75.

use 1-0.0125=0.9875