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Solve all parts with work thanks. 1. The cumulative distribution function (CDF) F(x) of the yearly incomes :c (in thousands of dollars) in the city

Solve all parts with work thanks.

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1. The cumulative distribution function (CDF) F(x) of the yearly incomes :c (in thousands of dollars) in the city of Ordeld is given in the following graph. '9 1 0.8 0.6 0.4 0.2 10 20 30 40 50 60 70 30 90 100 110 120 130 140 2: (thousand $) (a) (4 points) Answer the following questions in the appropriate boxes. No justication is needed for this part. i. What is the highest salary that someone in Ordeld makes? | l ii. What proportion of people earn more than 90 000$ per year? |:| iii. What is the median income? || iv. If we choose an inhabitant at random, what is the most likely income that they make? (b) (3 points) After a tough economic crisis, everyone's income in 0rdeld has decreased by 10 000$. What effect does this have on the CDF? Give a brief explanation below, then sketch what the new CDF might look like in the graph at the top (use a different color than blue)

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