Business
Business, 16.03.2020 19:25, montgomerykarloxc24x

The mean household income in a country in a recent year was about $77 comma 044 and the standard deviation was about $84 comma 000. (The median income was $58 comma 423.) a) If a Normal model was used for these incomes, what would be the household income of the top 1%? b) How confident should one be in the answer in part a? c) Why might the Normal model not be a good one for incomes?

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The mean household income in a country in a recent year was about $77 comma 044 and the standard dev...

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