The incomes of all families in a particular suburb can be represented by a continuous random variable.
Question:
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?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
a P60000 X 72000 PX ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Statistics For Business And Economics
ISBN: 9780132745659
8th Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
Question Posted:
Students also viewed these Statistics questions
-
A random sample of eight homes in a particular suburb had the following selling prices (in thousands of dollars): 192 183 312 227 309 396 402 390 a. Check for evidence of nonnormality. b. Find a...
-
A satellite single-axis attitude control system can be represented by the block diagram in Figure CP2.5. The variables k, a, and b are controller parameters, and J is the spacecraft moment of...
-
It is known that 65% of sixth-formers think their math teacher is cool. In a certain sample, 10 pupils are picked at random and it is required to calculate the probability that less than 3 of the 10...
-
6 Question 9 of 11 View Policies Cash Receivables Inventories Current Attempt in Progress On January 1, 2024, Novak Company acquired all the assets and assumed all the liabilities of Crane Company...
-
What problems do you see with the questionnaire?
-
In general, financial accounting can be broken down into the following steps: a. Identifying and recording economic transactions b. Recording and communicating economic transactions c. Identifying,...
-
Refrigerant-134a is being transported at \(0.08 \mathrm{~kg} / \mathrm{s}\) through a Teflon tube of inside diameter \(D_{i}=20 \mathrm{~mm}\) and outside diameter \(D_{o}=25 \mathrm{~mm}\), while...
-
As discussed in the chapter, U.S. GAAP accounting for leases allows companies to use off???balance-sheet financing for the purchase of operating assets. International accounting standards are similar...
-
Consider the following (I/O)E. Write some commands in Matlab to find the matrix A of the ss presentation. Which of the following is a correct one? Please submit your m file and a screenshot of your...
-
There are 2 shinobis with chakra levels 5 and 10 respectively and the desired sum of chakra levels is utmost 15 Starting with ke0, suy of chakra levels after attack max(5-0,0) + max(10- 0,0) 5+10 15....
-
A consultant has three sources of income-from teaching short courses, from selling computer software, and from advising on projects. His expected annual incomes from these sources are $20,000,...
-
Five inspectors are employed to check the quality of components produced on an assembly line. For each inspector the number of components that can be checked in a shift can be represented by a random...
-
Listed below are assets and liabilities of Reliable Corporation for the years 2021 and 2022. Each is listed in alphabetical order. Reliable reported net income of $48,000 for 2022 and $42,000 for...
-
The transfer function V. (S)/V,(S) of the circuit in Figure 1 where the inductor L = 0.1 H is given by Vc(s) = V (s) c(s d + + eRs + (Please answer to 3 decimal places, for example: 1.543) (1) Find...
-
Irene and Fred Buckley are age 63 and 66respectively. They have various pensionentitlements and assets. They figure they needabout $45,000 per year after-tax for their lifestyleexpenditures.They want...
-
Background information Membina Limited ( Membina ) is a large, Melbourne - based construction company that specialises in high - rise developments. One of the assets that support Membina s high -...
-
A series of experiments were conducted with varying reactant concentrations and the rates of the reactions were observed. Note that each of these species are hypothetical and do not represent actual...
-
Michelle wants to eat some cereal but there's no cereal left, and she is too lazy to go the store herself. She is thinking of sending one of her kids to the store. She can choose to send Aggie,...
-
What do you understand by budgetary control? Explain the mechanism that would lead to effective control.
-
The May 2014 revenue and cost information for Houston Outfitters, Inc. follow: Sales Revenue (at standard).............. $ 540,000 Cost of Goods Sold (at standard) ..........341,000 Direct Materials...
-
Jitter in a water power system. Jitter is a term used to describe the variation in conduction time of a water power system. Low throughput jitter is critical to successful waterline technology. An...
-
Is honey a cough remedy? Refer to the Archives of Pediatrics and Adolescent Medicine (Dec. 2007) study of honey as a remedy for coughing, Exercise. Recall that the 105 ill children in the sample were...
-
A random sample of 225 measurements is selected from a population, and the sample mean and standard deviation are = 32.5 and s = 30.0, respectively. a. Use a 99% confidence interval to estimate the...
-
Assume that management wants wage concession from its counterpart labor union. Explain why this often leads to disputes. Suppose management gives up some of its future negotiating power by subjecting...
-
Why have you chosen this nursing Field of Specialization or Major? What influenced you in selecting your intended major of study and what goal(s) have you set for the future?
-
What are logical fallacies and how can they affect our decision-making?
Study smarter with the SolutionInn App