The distribution of income in some Third World countries is considered wedge shaped (many very poor people, very few mid
Posted: Mon Jul 11, 2022 11:43 am
The distribution of income in some Third World countries isconsidered wedge shaped (many very poor people, very few middleincome people, and even fewer wealthy people). Suppose we pick acountry with a wedge shaped distribution. Let the average salary be$2,000 per year with a standard deviation of $8,000. We randomlysurvey 1,000 residents of that country.
What the mean for this problem?
What the mean for this problem?