Question: ENSC 192 Spring 2020 Problem 2: Pseudo-random number generation. Lead Team Member: The poverty threshold, poverty limit or poverty line is the minimum level of

ENSC 192 Spring 2020 Problem 2: Pseudo-random number generation. Lead Team Member: The poverty threshold, poverty limit or poverty line is the minimum level of income deemed adequate in a particular country. Within the United States the average income in 2019 was $47,060 and the standard deviation was $26,145 for the 125.58 million households. However, a considerable number of households don't meet the poverty threshold income of $25,750 (for a family of four). Using the information provided above, determine the number of households that make less than the poverty threshold by creating a script in MATLAB (follow the pseudo-code below): Assign income Sample with a million normally distributed samples with mean income Mean and standard deviation incomeStdDev Assign percentage Under with the percentage of samples in income Sample less than povertyThreshold Assign household Poverty with an estimate of the number households that don't meet the poverty threshold. The output should read: In 2019, there was integer households that were below the poverty line which is XX.X% of the population. Code (script) Output
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
