Question: 9) Suppose we extract an individual at random from a population whose members have an average income of $40,000, with a standard deviation of
9) Suppose we extract an individual at random from a population whose members have an average income of $40,000, with a standard deviation of $20,000. What is the probability of extracting an individual whose income is either less than $10,000 or greater than $70,000?
Step by Step Solution
3.40 Rating (156 Votes )
There are 3 Steps involved in it
Mean 40000 Standard Deviation 20000 We need to find P10000 X ... View full answer
Get step-by-step solutions from verified subject matter experts
