Answer:
The mean would be $322,343 and the median would be $196,723.
Step-by-step explanation:
Since the distribution of individual incomes is skewed to the right, it means that the distribution has a long right tail.
Drawing a distribution with this characteristic, we can see how the majority of the data falls into the left side of the graphic, meaning that a lot of people receive less income. Following this reasoning, the mean which is the amount of the data (in this case individual income) divided by the amount of people, would be the higher number, meaning that the few people who earn more money would influence in making this number higher.
Following this reasoning, the median (which is not influenced by this difference) would be the less high number.
Answer:
15
Step-by-step explanation:
16 % (2/5 + 2/3) = 16 % (6/15 + 10/15) = 16 % 16/15 = 16/1 x 15/16 = 240 % 16 = 15
Answer:
a. 0.0056
b. 0.0846
c. 0.0255
d. 0.8487
Step-by-step explanation:
The missing question for the binomial distribution problem is to find the probability of:
a. Fewer than 4
b. Fewer than 6
c. Fewer than 5
d. Fewer than 10
The step by step solution is attached as an image.