The monthly income of residents of Daisy City is normally distributed with a mean of $3000 and a standard deviation of $500.
a.Define the random variable in words.
b.The mayor of Daisy City makes $2,250 a month. What percentage of Daisy City's residents has incomes that are more than the mayor's?
c.Individuals with incomes of less than $1,985 per month are exempt from city taxes. What percentage of residents is exempt from city taxes?
d.What are the minimum and the maximum incomes of the middle 95% of the residents?
e.Two hundred residents have incomes of at least $4,440 per month. What is the population of Daisy City?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q76: A local bank has determined that the
Q134: The daily dinner bills in a local
Q135: "DRUGS R US" is a large manufacturer
Q137: The time it takes a mechanic to
Q138: The Globe Fishery packs shrimp that weigh
Q140: The average starting salary of this year's
Q141: The weight of a .5 cubic yard
Q142: The township of Middleton sets the speed
Q143: The time at which the mailman delivers
Q144: A light bulb manufacturer claims its light
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