Question

According to Money magazine, Maryland had the highest median annual household income of any state in 2018 at $75,847.† Assume that annual household income in Maryland follows a normal distribution with a median of $75,847 and standard deviation of $33,800. (a) What is the probability that a household in Maryland has an annual income of $110,000 or more? (Round your answer to four decimal places.) (b) What is the probability that a household in Maryland has an annual income of $50,000 or less? (Round your answer to four decimal places.) (c) What is the probability that a household in Maryland has an annual income between $40,000 and $70,000? (Round your answer to four decimal places.) (d) What is the annual income (in $) of a household in the ninety-first percentile of annual household income in Maryland? (Round your answer to the nearest cent.) $

Answer 1