I WANT U DO DO ONE PAGE FOR THIS QUESTION. IT A CASE, AND MY PART IS 2. Q. 2. Suppose...

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I WANT U DO DO ONE PAGE FOR THIS QUESTION. IT A CASE, AND MY PART IS 2. 

Q. 2. Suppose Eastasia’s government now reports that its population mean disposable household 

 

income is $950 per month, with a standard deviation of $100.  Oceana’s population mean is 

 

$1,000, with a standard deviation of $300.

 

a. Which country has more variation in income? Explain using popular phrases, such as 

 

“gap between rich and poor.”  

 

b. Each country defines the poverty level to be $675.  If you assume that income has a 

 

normal distribution, find the probability that a household’s income is below the poverty 

 

level in

 

 

 

i. Oceana

 

ii. Eastasia

 

Does it seem reasonable to assume a normal distribution for household’s income?

 

YOU WILL SEE EVERYTING IN THE ATTACHEMT. IT IS MORE IT STATSTIC 

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