- Access to
**800,000+**Textbook Solutions - Ask any question from
**24/7**available

Tutors **Live Video**Consultation with Tutors**50,000+**Answers by Tutors

The incomes of all families in a particular suburb can

The incomes of all families in a particular suburb can be represented by a continuous random variable. It is known that the median income for all families in this suburb is $60,000 and that 40% of all families in the suburb have incomes above $72,000.

a. For a randomly chosen family, what is the probability that its income will be between $60,000 and $72,000?

b. Given no further information, what can be said about the probability that a randomly chosen family has an income below $65,000?

a. For a randomly chosen family, what is the probability that its income will be between $60,000 and $72,000?

b. Given no further information, what can be said about the probability that a randomly chosen family has an income below $65,000?

Membership
TRY NOW

- Access to
**800,000+**Textbook Solutions - Ask any question from
**24/7**available

Tutors **Live Video**Consultation with Tutors**50,000+**Answers by Tutors

Relevant Tutors available to help