The Mean Household Income of France Is Approximately 20,000 Euros

question 36

Short Answer

The mean household income of France is approximately 20,000 euros. Suppose the household income in France has a standard deviation of 10,000 euros and follows a log-normal distribution. Estimate the proportion of French households that have an income of more than 25,000 euros.

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Definitions:

Major Disadvantage

A significant negative aspect or drawback that can impact effectiveness, efficiency, or desirability.

Allergies

Immune system reactions to a foreign substance that is not typically harmful to the body, such as certain foods, pollen, or pet dander.

Housekeeping Task

Routine cleaning and maintaining tasks performed in a living or work environment to ensure hygiene and order.

Medical Assistant

A healthcare professional responsible for administrative and clinical tasks in hospitals, doctor's offices, or other healthcare facilities.