uppose we extract an individual at random from a population whose members have an average income of $40,000, with a standard deviation of $15,000. What is e largest probability of extracting an individual whose income is either less than $10,000 or greater than $70,000? Note that we cannot assume any information abou e distribution of incomes. Select the best answer below. or the instructor, this was question 29. D% 5% 4%

uppose we extract an individual at random from a population whose members have an average income of $40,000, with a standard deviation of $15,000. What is e largest probability of extracting an individual whose income is either less than $10,000 or greater than $70,000? Note that we cannot assume any information abou e distribution of incomes. Select the best answer below. or the instructor, this was question 29. D% 5% 4%

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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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Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

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Question

Suppose we extract an individual at random from a population whose members have an average income of $40,000, with a standard deviation of $15,000. What is
the largest probability of extracting an individual whose income is either less than $10,000 or greater than $70,000? Note that we cannot assume any information about
the distribution of incomes. Select the best answer below.
For the instructor, this was question 29.
5%
10%
25%
34%
1%
75%

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