5.7 The incomes of all families in a particular suburb can be represented by a continuous random...
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5.7 The incomes of all families in a particular suburb can be represented by a continuous random variable. It is known that the median income for all families in this suburb is £55,000 and that 40% of all families in the suburb have incomes above £66,000.
a. For a randomly chosen family, what is the probability that its income will be between
£50,000 and £66,000?
b. Given no further information, what can be said about the probability that a randomly chosen family has an income below £60,000?
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Related Book For
Essential Mathematics And Statistics For Science
ISBN: 9780470694480
2nd Edition
Authors: Graham Currell, Dr. Antony Dowman
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