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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