The forecast monthly revenues for a firm are modeled using a random variable that is distributed according to a normal distribution with mean $850,000 and standard deviation $165,000. What is median value of this distribution, in $?

Q: The forecast monthly revenues for a firm are modeled using a random variable that is distributed according to a normal distribution with mean $850,000 and standard deviation $165,000.
What is median value of this distribution, in $?

or

Q: A random variable distributed according to a normal distribution with a mean of $850,000 and a standard deviation of $165,000 is used to represent a company’s anticipated monthly sales.
What is this distribution’s median value in dollars?

• 200,000
• 520,000
• 1,180,000
• 1,015,000
• 850,000
• 685,000

Explanation: In summary, for any normally distributed random variable, the mean and median are identical, making it straightforward to conclude that the median revenue for this firm is $850,000.