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9.12 Asset income across individuals has a mean (per year of $500 with standard deviation $400. In a simple random sam- ple o
9.16 An investor has three independent sources of income: wages, rents, and interest. Wages are normally distributed, with me
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Answer #1

9.12) Mean of one individual & $500 No of individual = 30 Mean across individual & 30x500 15 000 Standard deviation of total

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