Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 21, 2024

Family incomes have a mean of $60 000 with a standard deviation of $20 000. The data is normally distributed.What is the probability of a

Family incomes have a mean of $60 000 with a standard deviation of $20 000. The data is normally distributed.What is the probability of a randomly chosen family having an income greater than $50 000? Provide evidence of your work by typing out your full solution.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus With Vectors

Authors: Jay S Treiman

1st Edition

3319094386, 9783319094380

More Books

Students also viewed these Mathematics questions

Question

★★★★★

The following point velocities (ft/sec) and depths (ft) were collected in the river cross section shown in Figure 11.12, where the width of each vertical section is 2.0 ft. Determine the discharge...

Answered: 1 week ago

Question

★★★★★

A racing car travels with a constant speed of 240 km/h around the elliptical race track. Determine the acceleration experienced by the driver at A. 2 km y B 4 km ; + 2 = 16 X

Answered: 1 week ago

Question

★★★★★

We throw a die and, if the outcome is i, then we toss a coin i times. What is the probability that in these coin tosses, (a) no heads appear? (b) only one face of the coin appears, that is if we toss...

Answered: 1 week ago

Question

★★★★★

"Boston Dollar Store uses the gross method to record purchase discounts, and uses a perpetual inventory system. Boston engaged in the following transactions during April: 4/12 Purchased $15,000 in...

Answered: 1 week ago

Question

★★★★★

explain the differences between fine art prints and reproductions using images of specific examples of each in your response. Gi ve your opinions on the benefits of each of these types of works after...

Answered: 1 week ago

Question

★★★★★

The results below are based on data collected as part of a student project for an introductory statistics class at UF. If there is more than one group/treatment, the first group mentioned is group 1....

Answered: 1 week ago

Question

★★★★★

Kanter Industries produced 138,000 units using 69,000 direct labor hours. Production for the period was estimated at 140,000 units and 73,000 direct labor hours. A flexible budget would compare...

Answered: 1 week ago

Question

★★★★★

Innovation and Strategic Posture FOR NETFLIX: The process of innovation include improving products and actions inside and outside of the organization for all stakeholders. Therefore, the management...

Answered: 1 week ago

Question

★★★★★

It was 1989, a beautiful fall day in San Francisco. The World Series was just getting underway in Candlestick Park; and then, the ground began to shake! Across the city, a banquet was just getting...

Answered: 1 week ago

Question

★★★★★

Canada Importers is a Canadian firm based out of Mississauga Ontario. It was founded in 1979 and imports many different types of products. The company is looking to expand and has found that there is...

Answered: 1 week ago

Question

★★★★★

4. The data below pertains to the earnings of Juan Manuel for the week ended June 15, 2020: 3 points Hours and rate Earnings to date Overtime rate 42 hours worked at P40/hr P14.00 1 and times the...

Answered: 1 week ago

Question

★★★★★

Give the assumption or principle that would have been violated if the following entries or information had not been given: 1 . A owner of 3 different businesses wants to combine all of them into one...

Answered: 1 week ago

Question

★★★★★

Our textbook points out that there are seven potential benefits that can come from crises. Identify one example of a benefit a not-for-profit organization may experience resulting from a well-planned...

Answered: 1 week ago

Question

★★★★★

1. To gain insight into how a communication situation can be framed to maximize impact.

Answered: 1 week ago

Question

★★★★★

2. We can change the use and meaning of the concepts and thereby the meaning of the social reality to which they refer.

Answered: 1 week ago

Question

★★★★★

3. What does it mean when we say that we attribute a certain meaning to our experiences?

Answered: 1 week ago

Previous Question Next Question