rding to Money magazine, Maryland had the highest median annual household income of any state in 2018 at $75,847 (Time.com website). Assume that al household income in Maryland follows a normal distribution with a median of $75,847 and standard deviation of $33,800, hat is the probability that a household in Maryland has an annual income of $100,000 or more (to 4 decimals)? hat is the probability that a household in Maryland has an annual income of $40,000 or less (to 4 decimals)? nat is the probability that a household in Maryland has an annual income between $50,000 and $70,000 (to 4 decimals)? nat is the annual income of a household in the 90th percentile of annual household income in Maryland (to the nearest dollar)?
rding to Money magazine, Maryland had the highest median annual household income of any state in 2018 at $75,847 (Time.com website). Assume that al household income in Maryland follows a normal distribution with a median of $75,847 and standard deviation of $33,800, hat is the probability that a household in Maryland has an annual income of $100,000 or more (to 4 decimals)? hat is the probability that a household in Maryland has an annual income of $40,000 or less (to 4 decimals)? nat is the probability that a household in Maryland has an annual income between $50,000 and $70,000 (to 4 decimals)? nat is the annual income of a household in the 90th percentile of annual household income in Maryland (to the nearest dollar)?
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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![According to Money magazine, Maryland had the highest median annual household income of any state in 2018 at $75,847 (Time.com website). Assume that annual household income in Maryland follows a normal distribution with a median of $75,847 and standard deviation of $33,800.
a. What is the probability that a household in Maryland has an annual income of $100,000 or more (to 4 decimals)?
[ ]
b. What is the probability that a household in Maryland has an annual income of $40,000 or less (to 4 decimals)?
[ ]
c. What is the probability that a household in Maryland has an annual income between $50,000 and $70,000 (to 4 decimals)?
[ ]
d. What is the annual income of a household in the 90th percentile of annual household income in Maryland (to the nearest dollar)?
$ [ ]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbb5aba3c-4931-42d1-80b4-3d9f41ab8cf8%2F7e372938-92bc-4e34-9ff6-0a6aae0e301a%2Fpw9yu7t_processed.jpeg&w=3840&q=75)
Transcribed Image Text:According to Money magazine, Maryland had the highest median annual household income of any state in 2018 at $75,847 (Time.com website). Assume that annual household income in Maryland follows a normal distribution with a median of $75,847 and standard deviation of $33,800.
a. What is the probability that a household in Maryland has an annual income of $100,000 or more (to 4 decimals)?
[ ]
b. What is the probability that a household in Maryland has an annual income of $40,000 or less (to 4 decimals)?
[ ]
c. What is the probability that a household in Maryland has an annual income between $50,000 and $70,000 (to 4 decimals)?
[ ]
d. What is the annual income of a household in the 90th percentile of annual household income in Maryland (to the nearest dollar)?
$ [ ]
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