Suppose that, according to a recent census, the income per capita measured in U.S. dollars was $41,287
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Suppose that, according to a recent census, the income per capita measured in U.S. dollars was $41,287 in Canada and $43,298 in Norway. Let’s assume that income per capita is Normally distributed with a standard deviation equal to 31% of the mean for each country. You select a random sample of six people in Norway and six people in Canada.
a) What is the probability that the mean income of your Canadian sample is above $43,298?
b) What is the probability that the mean income of your Norwegian sample is above $41,287?
c) What would be the effect of not assuming that the income per capita is Normally distributed?
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Related Book For
Business Statistics
ISBN: 9780133899122
3rd Canadian Edition
Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright
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