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Use python The distribution of individual income in the United States in the mid - 1 9 9 0 s was well - described by

Use python
The distribution of individual income in the United States in the mid-1990s was well-described by an exponential distribution with lambda=20286, where all quantities are in US dollars.
a)Consider that an individual is determined to be "rich" if their income exceeds $100,000. Determine the fraction of the population that is rich.
b)Compute the average income of rich people.
c)Determine the combined income of all rich people as a fraction of the total income in the country. Express your answer as a percentage.
d)Comment on the wisdom of the government just taxing "rich" people.
e)Create a vector dink which describes 50,000 double-income households. Each element of the vector should be the sum of two incomes drawn from the exponential distribution. Plot the distribution of double-incomes as a histogram.
f)Compute the average income in a double-income household.
g)Consider a definition of poverty where household income is less than $15,000. Compute the fraction of single-income and double-income households which are living in poverty. Express both fractions as a percentage.

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