Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 16 Feb 2018 My Price 6.00

total personal income

Income and gender. The relative frequency table below displays the distribution of annual total personal income (in 2009 inflation-adjusted dollars) for a representative sample of 96,420,486 Americans. These data come from the American Community Survey for 2005-2009. This sample is comprised of 59% males and 41% females.69

(a) Describe the distribution of total personal income.

(b) What is the probability that a randomly chosen US resident makes less than $50,000 per year?

(c) What is the probability that a randomly chosen US resident makes less than $50,000 per year and is female? Note any assumptions you make.

(d) The same data source indicates that 71.8% of females make less than $50,000 per year. Use this value to determine whether or not the assumption you made in part (c) is valid.

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Feb 2018 04:02 PM My Price 6.00

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