If the variable is almost normally distributed does that, Ask an Expert

Economics

Q1. If the variable is almost normally distributed does that mean you use common distribution?

"Use the data set; noting which cultivated area is variable is nearly normally distributed. What is the probability that the area of a crop is selected at random is less than 6 acres is there a specific formula i have to use?

Q2. If the demand curve for wheat in the US is P=12.4 - Q (here Q is quantity demanded)

and the supply curve for wheat is P= 2.6 + 2Q( here Q is quantity supplied)

Illustrate what is the equilibrium price of wheat?

Illustrate what is the equilibrium quantity of wheat sold (actual price equal the equilibrium)?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9159066

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