Solved: Let P(x) be the cumulative distribution function for the household income
Chapter 8, Problem 16(choose chapter or problem)
Let P(x) be the cumulative distribution function for the household income distribution in the US in 2009.9 Values of P(x) are in the following table: Income x (thousand $) 20 40 60 75 100 P(x) (%) 29.5 50.1 66.8 76.2 87.1 (a) What percent of the households made between $40,000 and $60,000? More than $100,000? (b) Approximately what was the median income? (c) Is the statement More than one-third of households made between $40,000 and $75,000 true or false?
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