Incomes in a particular market area are known to be right-skewed with a mean equal to $33,100. In a report issued recently, a manager stated that at least 89 percent of all incomes are in the range of $26,700 to $39,500, and this was based on Tchebysheff's theorem. Given these facts, what is the standard deviation for the incomes in this market area?
A) Approximately $6,400
B) Approximately $3,200
C) Approximately $2,133
D) Approximately $4266
Correct Answer:
Verified
Q101: A distribution has a coefficient of variation
Q102: A recent study in the restaurant business
Q103: The Empirical Rule states that for a
Q104: The asking price for homes on the
Q105: A report on spending by adults on
Q107: Consider the following data, which represent the
Q108: Data was collected on the number of
Q109: Consider the following data, which represent the
Q110: In the annual report, a major food
Q111: In order to compute the mean and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents