One of the many things the U.S. Census Bureau reports to the public is the increase in
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a. Calculate the mean and standard deviation.
c. Do the percentages found in part b agree with the empirical rule? What does that mean?
d. Do the percentages found in part b agree with Chebyshevs theorem? What does that mean?
e. Construct a histogram and one other graph of your choice. Does the graph show a distribution that agrees with your answers in parts c and d? Explain.
f. Utilize one of the testing for normality Technology Instructions on pages 9798. Compare the results with your answer to part c.
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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