Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The distribution of income in some Third World countries is considered wedge shaped (many very poor people, very few middle income people, and even fewer

The distribution of income in some Third World countries is considered wedge shaped (many very poor people, very few middle income people, and even fewer wealthy people). Suppose we pick a country with a wedge shaped distribution. Let the average salary be $3,000 per year with a standard deviation of $6,000. We randomly survey 1,000 residents of that country.

Give the distribution ofX.(Round your numerical values to two decimal places.)

X ~_______(________,___________)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Mathematical Applications For The Management, Life And Social Sciences

Authors: Ronald J. Harshbarger, James J. Reynolds

12th Edition

978-1337625340

More Books

Students also viewed these Mathematics questions