If the salary of New Yorkers is normally distributed with a mean income of $100,000 and...
If the salary of New Yorkers is normally distributed with a mean income of $100,000 and a standard deviation of $30,000, what is the probability that a randomly drawn person from the population makes more than $160,000? Less than $70,000?
Homework Answers
Hence the probability that a randomly drawn person from the population makes more than $160,000 is 0.0228
And less than is 0.1587 ( rounded up to 4 decimal places)
Hope this will help you. Thank you :)
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