The monthly income of residents of Daisy City is normally distributed with a mean of $3000 and a standard deviation of $500.
a.The mayor of Daisy City makes $2,250 a month. What percentage of Daisy City's residents has incomes that are more than the mayor's?b.Individuals with incomes of less than $1,985 per month are exempt from city taxes. What percentage of residents is exempt from city taxes?c.What are the minimum and the maximum incomes of the middle 95% of the residents?d.Two hundred residents have incomes of at least $4,440 per month. What is the population of Daisy City?
What will be an ideal response?
| a. | 93.32% |
| b. | 2.12% |
| c. | Min = 2020 Max = 3980 |
| d. | 100,000 |
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