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in all reality the 80 percent carpet rule , usually means little as far as noise reduction . Unless the rule specify the type of carpeting and pads etc.
a cheap paper thin carpeting with no padding is not going to stop that kind of noise. I doubt it would stop any noise.
i think the only way to approach it would be to put an acoustical ceiling on your ceiling, it sucks, cheap thin carpet will probably meet the requirement of the board and house rules.
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