What would be used for the top and bottom indices for the sigma sign in my example shown below?
If the amounts were 1 + 2 + 3, the top index would be 3 and the bottom would be i = 1, but if the amounts are 1 + 2 + 4, or 1 + 0.05 + 1/3, what would the indices be since these amounts are in an uneven pattern.
From Adrian: If you are told that the mean salary of a certain group of workers is $30,000 with a standard deviation of $4000, what proportion of workers earn over $38,000? What proportion of workers earn less than $18,000? Assume the distribution of wages is normal. Answered by Stephen La Rocque.