Question

In a town of 30 families, the average annual family income is $80,000. What is the largest number of families that can have income at least $100,000 according to Markovs Inequality? Note: The annual family income can be any non-negative number. In the same town of 30 families, the average household size is 2.5. What is the largest number of families that can have at least 4 members according to Markovs Inequality? Note the household size can be any postive integer.

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Ans) Given data ;) a = $100,000 Elx) = $80,000 According to Markov Incauality Plxza)s Elx) PlXZ 100,000) – Boco 100,000 = 0,8

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