Mathematics, 19.07.2021 19:40 asuhdude57
The distribution of income in some Third World countries is considered wedge shaped (many very poor people, very few middle income people, and even fewer wealthy people). Suppose we pick a country with a wedge shaped distribution. Let the average salary be $3,000 per year with a standard deviation of $6,000. We randomly survey 1,000 residents of that country. Why is it more likely that the average of the 1,000 residents will be from $3,000 to $3,100 than from $3,100 to $3,200
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The distribution of income in some Third World countries is considered wedge shaped (many very poor...
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