Find income that separates the top from lower of the incomes

Assignment Help Basic Statistics
Reference no: EM13125959

A sample of 500 students revealed that their annual incomes were normally distributed with a mean income of $30,000and a standard deviation of $3,000. What is the income that separates the top 25% from the lower 75% of the incomes?

Reference no: EM13125959

Questions Cloud

Calculate the mass of ammonium nitrate : calculate the mass of ammonium nitrate that should be heated to obtain 100 mL of dinitrogen oxide, N2O, at 1.00 atm and 25 degrees celcius?
Define estimation of mass required in a reaction : Chemistry - Estimation of Mass Required in a Reaction, With the reaction, CaCO3+2Hcl->CaCl2+H2O+CO2. Using percent by mass what is the weight of HCl needed to react
Public specking course : This is for my public specking course. I need to prepare a selling speech. I have chose iPhone 5s for the product. requirement is 1.Introduction- identify your product/ attention getter/ background information. 2. Body- 3 reasons to buy the product. ..
Explain colligative porperties freezing point depression : Colligative Porperties : Freezing Point Depression, Salt lowers the freezing point of water. So will sugar. If one tablespoon of solid (salt or sugar) is dissolved in ¼ cup of water
Find income that separates the top from lower of the incomes : Mean income of $30,000and a standard deviation of $3,000. What is the income that separates the top 25% from the lower 75% of the incomes?
Qualities required for editing : Discuss the qualities required for editing such as attentio to detail, patience, oragnization, and so on, and describe how you can strengthen the qualities necessary to edit well and to improve the quality of your wriiten work.
The psychological and physiological causes, effects : The psychological and physiological causes, effects and treatments of phantom limb pain
Explain what is meant by molality of a solution : Description of Chemistry - Other, What is meant by Molality of a solution and Solute particles? Define. How many solute particles are there in 1m solution containing these substances in one kg of water?
Number of ways of getting marbles : A bag contains three red marbles, three green ones, one lavender one, two yellows, and four orange marbles. How many sets of five marbles include either the lavender one or exactly one yellow one but not both colors?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Computing different combinations

There are 8 members on the board of directors. If the board must form a committee of 6 members, how many different ways may the committee be selected from among the 8 board members?

  Information about confidence interval for population mean

A researcher wishes to construct a 95% confidence interval for a population mean. She selects a simple random sample of size n=20 from the population.

  Comparing two branches about the level of satisfaction

Estimate with 95% confidence the mean reduction in time it takes for someone who has taken the sleeping pill to fall asleep.

  Two-sided test for sample mean of accounts receivable

Lets say a business has account receivables per customer of $60.54. There was a random sampling of 19 accounts that revealed a sample mean of $73.55 and a sample standard deviation of $19.29.

  Solution of conditional probability

Let A be the event that a student is enrolled in an accounting course, and let S be the event that a student is enrolled in a statistics course.

  Determining y intercept

A counselor is interested in determining if there is a relationship between children's scores on the racial attitude and preference test and their scores on the racial socialization test. She sampled a group of 10 children yielding the following r..

  On which student score better relative to other students

A standard deviation of 12. If the data for both tests are normally distributed, on which test did the student score better relative to the other students in each class?

  Calculating appropriate test statistic

Calculate the appropriate test statistic to test the hypotheses related to the concern and test at 5% and 1%.

  What percentage of the sensors will not satisfy guarantee

Normal with mean 48 months and standard deviation 9 months. The company has decided to give a guarantee for the sensors for 3 years. What % age of the sensors will not satisfy the guarantee.

  Drawing fuses out of box

A box contains ten fuses of which 3 are defective. Two fuses are selected at random from the box without replacement. What is the probability that exactly one of the fuses selected is defective?

  Explain decision stragety-probability-forecasting

Explain a few of the following on whatever topic you choose: decision tree, decision stragety, probability, forecasting, linear programming as it relates to work, life or interset.

  Question on nonparametric tests

Under what circumstances should a nonparametric test be used? Explain. What are the strengths and weaknesses of nonparametric tests?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd