Mathematics, 19.03.2021 16:10 kmsg2000

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. Give the distribution of X.

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The distribution of income in some Third World countries is considered wedge shaped (many very poor...