Comparing Per Capita Incomes. Use this information for Exercises 9 and 10. According to the U.S. Census Bureau, the mean per capita income in Texas is $25,800, whereas the mean per capita income in Florida is $26,500. Suppose both distributions are normal, each with a standard deviation of $8000. Suppose we take samples of 100 residents of each state.

Question 7.200

10.

  1. Find the 95th percentile of sample mean per capita income in Texas.
  2. Find the 95th percentile of sample mean per capita income in Florida.