Incomes in a Particular Market Area Are Known to Be

question 66

Multiple Choice

Incomes in a particular market area are known to be right-skewed with a mean equal to $33,100. In a report issued recently, a manager stated that at least 89 percent of all incomes are in the range of $26,700 to $39,500, and this was based on Tchebysheff's theorem. Given these facts, what is the standard deviation for the incomes in this market area?

• A) Approximately $6,400
• B) Approximately $3,200
• C) Approximately $2,133
• D) Approximately $4266

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Definitions:

Thick Description

The writing of narrative accounts that provide rich insight into the complex meaning patterns that underlie people’s collective behavior; associated with ethnographic research.

Interpretive Study

A research method focusing on understanding phenomena through the meanings that people assign to them, typically qualitative in nature.

Classroom Culture

The set of beliefs, perceptions, relationships, attitudes, and written and unwritten rules that shape and influence every aspect of how a school functions.

Root Metaphor

A fundamental underlying metaphor that shapes an individual's perception and understanding of the world and guides how they interpret experiences.