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Refer to the country in Example 4.11 on p. 91, where household incomes follow Normal distribution with = 900 coins and = 200 coins. (a)
Refer to the country in Example 4.11 on p. 91, where household incomes follow Normal distribution with = 900 coins and = 200 coins.
(a) A recent economic reform made households with the income below 640 coins qualify for a free bottle of milk at every breakfast. What portion of the population qualifies for a free bottle of milk?
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