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According to a government study, the average monthly household income in Singapore is $12,235 in 2020. Assume that the distribution of the monthly household income
According to a government study, the average monthly household income in Singapore is $12,235 in 2020. Assume that the distribution of the monthly household income follows the normal distribution with a standard deviation of $5,600.
- What percent of households have a monthly income less than $14,000 in 2020?
- What percent of households have a monthly income between $5,000 and $10,000 in 2020?
- 13% of households have a monthly income less than V dollars in 2020, report the value of V?
- If 10 households were randomly selected in Singapore in 2020, what is the likelihood that the average monthly income of the 10 selected households is more than $10,000?
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