Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Suppose that the average annual salary for a worker in the United States is $30,000 and that annual salaries for Americans are normally distributed with a standard deviation equal to $7,000. Determine the following:

A) What percentage of Americans earn below $22,000?

B) What percentage of Americans earn above $42,000?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9358059

Have any Question?


Related Questions in Statistics and Probability

If the coefficient of determination is 0738 what percentage

If the coefficient of determination is 0.738, what percentage of the data about the regression line is unexplained?

Jen amp barrys fast fresh salad bags starts with 280000

"Jen & Barry's Fast Fresh Salad Bags" starts with $280,000 invested. Jen and Barry pay 20% down and finance the balance with a 20-year small business loan at 4.5% compounded monthly. What is the amount of their monthly l ...

The time between accidents in a day in town a is given by t

The time between accidents in a day in town A is given by T and the time between accidents in a day in town B is given by  S. The joint density function for  T and  S is   f ( t , s )= e^  -( t + s )    , for  t ≥0  and  ...

Bar-eli azar ritov keidar-levin and schein 2007 analyzed

Bar-eli, Azar, Ritov, Keidar-Levin, and Schein (2007) analyzed 286 penalty kicks among professional soccer players. They recorded the direction that the ball was kicked (left, center, right) and the direction that the go ...

1 a fencer attends a fencing tournament to ensure the

1. A fencer attends a fencing tournament. To ensure the equipment works well, he takes three blades. Two of them will be the backup. The probability of his three blades to function properly are 0.95, 0.8, 0.7 respectivel ...

Question a gamble is said to be fair if each player has the

Question: A gamble is said to be fair if each player has the same expected outcome. Suppose we play a game in which the first of two players receives $50 each time the roll of a balanced die comes up with a 1 or 6. Playe ...

Yu obtain a 250000 mortgage loan from bank of

You obtain a $250,000 mortgage loan from Bank of Montreal to buy a house. The mortgage has a 5-year fixed rate of 4%/year (using Canadian mortgage convention), and the amortization period of the mortgage is 20 years. (b) ...

Table 1 fasting bloodfbs of group afbs of group

Table 1. Fasting Blood FBS of Group A FBS of Group B 95  90 100 100 125 125 175 200 250  550 1. What is the mean fasting blood sugar value for each group? What is the median? Mode? Group A: mean:145, median: 125, mode: n ...

A diamond can be classified as either gem qulaity or

A Diamond can be classified as either gem qulaity or industrial grade. Suppose that 92% of diamonds are classified as industrial grade. Would it be unusual if atleast one of five randomly selected diamonds is gem quality ...

Your bank has 153 million in loan commitments which are now

Your bank has $153 million in loan commitments which are now being drawn upon. You aren't sure, but you are beginning to think that the bank may have some problems now. What sort of risk are you connected about, and how ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As