What is a proportion of families in neighborhood


Discuss the following:

Q: Family incomes in two particular neighborhoods follow a normal distribution. For Neighborhood 1 the mean is $26,500, with a standard deviation of $15,000. For Neighborhood 2, the mean is $30,000 with a standard deviation of $18,000.

A) What proportion of families in Neighborhood 1 have incomes below the mean family income in Neighborhood 2?

B) What income level in Neighborhood 1 represents the top 10% for that neighborhood?

C) What income level for neighborhood 2 represents the lowest 5% of incomes for that neighborhoods?

D) For neighborhood 1, what percentage of families have incomes that fall between the mean incomes of Neighborhood 1 and neighborhood 2?

Solution Preview :

Prepared by a verified Expert
Basic Statistics: What is a proportion of families in neighborhood
Reference No:- TGS01895513

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)