EBK INTERMEDIATE MICROECONOMICS AND ITS
12th Edition
ISBN: 9781305176386
Author: Snyder
Publisher: YUZU
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Question
Chapter 4A.3, Problem 2MQ
To determine
The actuarially fair slope for the line AE.
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For all parts of this question, assume that the log of GDP per capita is normally distributed with a mean of 8.7 and standard devistion of 1.5Step 1 of 4: If the log of the world distribution of income is normaly distributed with a mean of 8.7 and a standard deviation of 1.5, what income indollars) marks the 90th percentile?
KeypadAnswer
A 71.325B 1.29C 41,253D 10.63
Suppose the birth weights of full-term babies are normally distributed with mean 3450 grams and standard deviation o=510 grams. Complete parts (a) through (c) below.
(a) Draw a normal curve with the parameters labeled. Choose the correct graph below.
O A.
O B.
c.
O D.
X
3450
2430
2940
2430
3450
3960
3960
4470
4470
3450
2940
3450
(b) Shade the region that represents the proportion of full-term babies who weigh more than 4470 grams. Choose the correct graph below.
Chapter 4A Solutions
EBK INTERMEDIATE MICROECONOMICS AND ITS
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