Explore BrainMass

Explore BrainMass

    Probability Distribution of Mean Income

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Mean income of a sample of workers is $32,000 for 9 months with a standard deviation of $3,000. Without making as assumption about probability distribution, what is the statistically expected proportion of workers that earn less than $26,000 or more than $38,000?

    © BrainMass Inc. brainmass.com June 3, 2020, 8:27 pm ad1c9bdddf
    https://brainmass.com/statistics/probability/probability-distribution-mean-income-138505

    Solution Preview

    As we can say that 26,000 and 38,000 are 32,000 +/- 6,000
    or ...

    Solution Summary

    The solution calculates the probability distribution for the income of workers.

    $2.19

    ADVERTISEMENT