SOLUTION: Please help me with this question I am a little bit thrown off...I saw an example of it that you had on the site but I did not understand need this by today if at all possible
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Question 477046: Please help me with this question I am a little bit thrown off...I saw an example of it that you had on the site but I did not understand need this by today if at all possible
Household income does not tend to follow a normal distribution in a particular state, yet average income is approximately $45,000/year in this state, with a standard deviation of about $9,000. Within what income range would approximately 93.75% of the household incomes lie within this state? Show all work as to how this is obtained. ......I saw and example but didnot for the life of me understand it please help me to understand how to do this question step by step
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Household income does not tend to follow a normal distribution in a particular state, yet average income is approximately $45,000/year in this state, with a standard deviation of about $9,000. Within what income range would approximately 93.75% of the household incomes lie within this state? Show all work as to how this is obtained. ......
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According to Chebychev about 95% of data lies within 2 standard deviations
of the mean of the data.
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Lower limit: 45000-2*9000 = $27000
Upper limit: 45000+2*9000 = $63000
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Cheers,
Stan H.
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