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Use data National Income.xlsx, which sampled the income of 500 respondent in a county. Apply the Histogram function in Data Analysis to plot the frequency

  1. Use data National Income.xlsx, which sampled the income of 500 respondent in a county.
    1. Apply the Histogram function in Data Analysis to plot the frequency distribution of national income in the sample
    2. Apply the Descriptive Statistics function in Data Analysis to obtain the descriptive stats of national income in the sample
    3. Based on the histogram and descriptive stats, what is the likely distribution of the in the sample?
    4. Use Excel functions to find:
      1. What is the range of values that are about two standard deviations (SD) from the mean?
      2. What is the probability that a person's income falls within 2 SDs from the mean?
      3. What is the approximate probability that a person's income is more than 100,000?
      4. What is the level of income that is lower than about 90% of the population in the country?
      5. What is the level of income that is higher than about 99% the population in the country?Use data National Income.xlsx, which sampled the income of 500 respondent in a county.
Repondent Income ($)
1 64342.35
2 61888.02
3 58326.81
4 42009.92
5 74280.27
6 65629.98
7 73580.49
8 89356.54
9 41863.46
10 67368.59
11 42551.04
12 47750.3
13 65955.1
14 51651.21
15 104142.1
16 33414.74
17 66596.12
18 61348.29
19 55763.25
20 49941.11
21 50665.08
22 37773.64
23 73810.41
24 36073.07
25 71429.09
26 67512.57
27 85437.44
28 64988.99
29 86205.08
30 12671.9
31 52578.9
32 17794.32
33 51169.95
34 47965.05
35 47634.58
36 55107.42
37 66101.65
38 39504.97
39 63348.14
40 55752.33
41 72428.39
42 28280.84
43 52131.52
44 43700.93
45 59327.03
46 93587.28
47 68589.85
48 76242.02
49 72242.06
50 62967.04
51 62930.61
52 84066.8
53 85177.26
54 76473.6
55 67616.02
56 49745.93
57 25456.2
58 53366.2
59 58335.19
60 17764.7
61 48994.31
62 58949.89
63 31401.03
64 74729.94
65 50149.94
66 111755.9
67 88667.69
68 66378.18
69 50373.41
70 74292.13
71 70909.84
72 64164.03
73 77187.56
74 70243.54
75 57124.43
76 56051.66
77 57184.13
78 13175.2
79 6560.018
80 30817.68
81 64934.2
82 16922.51
83 85561.15
84 37369.94
85 42984.52
86 63298.88
87 48954.51
88 41182.12
89 66506.84
90 35032.57
91 85406.94
92 70562.06
93 37385.19
94 70566.54
95 83165.68
96 43679.79
97 50012.11
98 50065.37
99 62724.81
100 59927.69
101 85064.39
102 47668.15
103 26000.33
104 57825.15
105 36611.75
106 70187.34
107 49563.71
108 63084.76
109 31226.47
110 69241.52
111 63330.21
112 61375.51
113 78915.41
114 77089.11
115 43489.5
116 80186.5
117 53243.76
118 69055.69
119 63173.26
120 59989.09
121 37905.54
122 75791.97
123 81235.75
124 81556.07
125 91606.05
126 69514.92
127 65690.71
128 20437.95
129 80294.88
130 43872.43
131 74702.31
132 38119.46
133 62066.62
134 40009.77
135 44086.03
136 98849.72
137 61649.62
138 39914.73
139 42021.71
140 76336.86
141 39378.17
142 103282.7
143 44131.77
144 83299.62
145 60703.02
146 39470.71
147 51928.38
148 33468.26
149 71389.95
150 105907.3
151 75395.84
152 69966.77
153 91243.01
154 80797.93
155 76016.35
156 121077.6
157 53442.67
158 62643.93
159 60613.49
160 45689.72
161 86597.94
162 81827.91
163 82804.22
164 64937.81
165 46630.98
166 83675.41
167 60613.49
168 41345.15
169 94864.37
170 46037.86
171 45897.2
172 58270.84
173 48684.2
174 52442.55
175 47808.39
176 44160.02
177 42488.6
178 73177.98
179 50741.07
180 40196.89
181 57108.92
182 48707.08
183 74802.03
184 79694.77
185 94102.09
186 82436.56
187 72874.51
188 46296.44
189 74499.65
190 72786.24
191 32239.6
192 69868.84
193 66918.31
194 66006.51
195 62328.79
196 62170.03
197 60985.66
198 53376.3
199 62865.7
200 67140.38
201 42721.34
202 85726.6
203 38454.78
204 60946.65
205 62286.95
206 67293.67
207 45496.74
208 61609.37
209 81457.33
210 48928.81
211 36544.11
212 54938.27
213 63451.81
214 78588.41
215 55697.72
216 72036.29
217 102204
218 66959.91
219 49631.81
220 87305.71
221 75148.26
222 60097.14
223 67870.64
224 67136.02
225 76574.89
226 72310.02
227 46773.4
228 72201.29
229 39426.2
230 73194.92
231 38049.59
232 57844
233 85710.12
234 53833.75
235 87397.65
236 34326.65
237 81709.19
238 26515.34
239 44800.26
240 38959.36
241 42184.07
242 67934.14
243 43843.44
244 50897.15
245 70647.59
246 73633.84
247 39881.16
248 64584.94
249 43749.29
250 57315.49
251 60738.62
252 56640.36
253 90446.09
254 60113.56
255 53987.7
256 47134.42
257 68857.83
258 49349.14
259 48361.86
260 52362.09
261 80859.43
262 38023.5
263 64894.84
264 69962.84
265 68163.9
266 97493.16
267 63509.79
268 49106.07
269 50817.54
270 70943.04
271 66408.67
272 100715.1
273 29067.85
274 60214.84
275 60783.09
276 70187.71
277 38715.61
278 69811.67
279 64660.87
280 57023.52
281 109151
282 64139.29
283 33666.67
284 77977.02
285 59329.03
286 33757.2
287 108132
288 41678.41
289 59806.95
290 70880
291 67550.86
292 63600.63
293 76692.22
294 67834.06
295 48735.93
296 82913.85
297 25045.58
298 85844.7
299 55148.66
300 70113.34
301 42525.13
302 77107.8
303 58099.2
304 79385.49
305 90654.46
306 55977.14
307 69809.31
308 47295.52
309 48290.48
310 45502.87
311 52925.82
312 77776.43
313 42200.57
314 29043.92
315 28606.28
316 81084.74
317 53395.14
318 62995.04
319 60573.5
320 46524.36
321 29976.41
322 17338.94
323 58920.85
324 43197.48
325 89722.03
326 49029.34
327 36530.02
328 61772.35
329 73362.75
330 54531.8
331 59270.59
332 67024.82
333 95266.37
334 83360.29
335 56228.78
336 39967.29
337 41813.12
338 110417.8
339 53929.71
340 36229.85
341 58653.04
342 38486.17
343 70277.38
344 60176.31
345 77867.72
346 78014.36
347 72013.66
348 51894.04
349 42097.44
350 31907.9
351 53108.42
352 86789.06
353 97785.6
354 66171.47
355 73913.9
356 33675.85
357 49965.39
358 34572.59
359 55506.06
360 67977.39
361 42140.97
362 65693.17
363 55278.76
364 32572.31
365 59412.54
366 85022.67
367 84743.25
368 62653.9
369 64258.63
370 9900.735
371 74622.93
372 29627.87
373 31268.75
374 60862.77
375 43146.73
376 73872.4
377 79922.92
378 74705.05
379 62442.86
380 60310.65
381 90488.9
382 63440.69
383 58998.96
384 51154.08
385 50576.51
386 46185.23
387 31798.03
388 93413.34
389 53255.78
390 74942.25
391 37088.02
392 49359.07
393 38733.77
394 75442.69
395 38296.32
396 56141.47
397 48615.67
398 95376.33
399 40845.68
400 121802.1
401 85978.32
402 82494.45
403 55364.83
404 58338.35
405 54046.82
406 74860.76
407 66440.35
408 39138.66
409 78153.22
410 76736.64
411 70491.76
412 54180.29
413 37225.28
414 93035.05
415 59819.53
416 14743.91
417 72179.6
418 25682.84
419 75658.86
420 59727.05
421 29169.72
422 77946.8
423 61426.55
424 28075.53
425 44595.49
426 38190.27
427 59168.52
428 63495.98
429 71934.28
430 48673.51
431 60417.03
432 69892.04
433 60348.58
434 36262.59
435 80948.23
436 53973.76
437 82620.57
438 32083.83
439 59780.94
440 73113.76
441 76784.64
442 47339.55
443 65027.17
444 51897.16
445 63725.87
446 59588.42
447 21892.18
448 53474.85
449 50805.6
450 32958.35
451 74852.1
452 84084.02
453 96354.16
454 51740.76
455 45269.88
456 60542.19
457 41571.75
458 77455.36
459 110863.6
460 48680.81
461 58874.45
462 76281.94
463 72247.82
464 34999.89
465 62890.47
466 57415.72
467 24198.83
468 73784.77
469 75201.35
470 85700.03
471 90065.01
472 96407.74
473 87846.76
474 50774.9
475 49247.29
476 66486.74
477 54561.28
478 102929.4
479 64363.83
480 48643.31
481 77237.96
482 77380.31
483 95933.89
484 86354.06
485 74524.77
486 68872.39
487 27795.4
488 59732.28
489 55326.36
490 36106.54
491 21197.74
492 81375.02
493 58261.45
494 67911.95
495 88754.77
496 30942.05
497 74496.89
498 48960.19
499 69708.45
500 40185.96

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