Business Finance
Statistic Business problem with the poverty level

Question Description

Suppose Eastasia’s government now reports that their populations mean disposable household income is $900 per month, with a standard deviation of $100.  Oceana’s population mean is $1000, with a standard deviation of $300.
Each country defines the poverty level to be $750.  If you assume that income has a normal distribution, find the probability that a household’s income is below the poverty level


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