Find a better upper bound if it is known that the standard


Suppose the average family income in an area is $10, 000.

a) Find an upper bound for the percentage of families with incomes over $50,000.

b) Find a better upper bound if it is known that the standard deviation of incomes is $8000.

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Find a better upper bound if it is known that the standard
Reference No:- TGS02591718

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)