Answered step by step
Verified Expert Solution
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
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