According to a report of the U.S. Bureau of Labor Statistics, the average annual food expenditures away from home by quintiles of household income before taxes is as follows. Lowest Second Third Fourth Highest 20% Income Quintile 20% 20% 20% 20% Expenditures ($) 1036 1567 2129 3208 5151 Let the random variable X denote a randomly chosen quintile (in income) within the set of all households. (a) Find the probability distribution associated with these data. (Round your answers to three decimal places.) Lowest Second Third Fourth Highest Income Quintile 20% 20% 20% 20% 20% Expenditures ($) (b) What percentage of the total food expenditures away from home is incurred by the top 40% by income of the population? (Round your answer to three decimal places.) What percentage of the total food expenditures away from home is incurred by the lowest 40% by income of the population? (Round your answer to three decimal places.) %
According to a report of the U.S. Bureau of Labor Statistics, the average annual food expenditures away from home by quintiles of household income before taxes is as follows. Lowest Second Third Fourth Highest 20% Income Quintile 20% 20% 20% 20% Expenditures ($) 1036 1567 2129 3208 5151 Let the random variable X denote a randomly chosen quintile (in income) within the set of all households. (a) Find the probability distribution associated with these data. (Round your answers to three decimal places.) Lowest Second Third Fourth Highest Income Quintile 20% 20% 20% 20% 20% Expenditures ($) (b) What percentage of the total food expenditures away from home is incurred by the top 40% by income of the population? (Round your answer to three decimal places.) What percentage of the total food expenditures away from home is incurred by the lowest 40% by income of the population? (Round your answer to three decimal places.) %
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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