Below is a relative frequency table showing American household incomes as reported in the 2000 Census? *To
Question:
*To simplify your calculations, assume the last income class is $200,000 to $300,000. Notice that the classes become wider at higher levels of income.
a. Draw the corresponding histogram.
b. Estimate the mean of household incomes.
Transcribed Image Text:
Mid-point Proportion of ($000s) Households Income Level $0 to $10,000 $10,000 to under $20,000 $20,000 to under $30,000 $30,000 to under $40,000 $40,000 to under $50,000 $50,000 to under $60,000 $60,000 to under $75,000 $75,000 to under $100,000 $100,000 to under $125,000 2.5 $125,000 to under $150,000 137.5 $150,000 to under $200,000 175 $200,000 or more 095 126 130 123 107 090 104 102 052 025 022 024 15 25 35 45 67.5 87.5 250*
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
a As noted in the solution to Exercise 57 the area of each bar in a histogram should be proportional ...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Understanding Business Statistics
ISBN: 978-1118145258
1st edition
Authors: Stacey Jones, Tim Bergquist, Ned Freed
Question Posted:
Students also viewed these Statistics questions
-
As reported in The Wall Street Journal (September 11, 1989), MiniScribe, Inc., inflated its reported profits and inventory through a number of schemes designed to fool the auditors. At that time,...
-
As reported in the chapter opener USA and Its Automobiles, Americans are in love with the automobilethe majority have more than one vehicle per household. In fact, the national average is 2.28...
-
As reported in the Wall Street Journal (September 11, 1989), MiniScribe, Inc., inflated its reported profits and inventory through a number of schemes designed to fool the auditors. At that time,...
-
I really would like to know the steps idk how to start this buttrying to look for the gross pays has been frustrating, pleasehelp! Each of the following workers is piece-rate workers at Golden Boats...
-
What improvements should Oracle make in the future?
-
A piece of Nichrome wire has a radius of 6.5 10-4 m. It is used in a laboratory to make a heater that uses 4.00 102 W of power when connected to a voltage source of 120 V. Ignoring the effect of...
-
Madison Corporation (Madison) along with Sarah, Madisons chief executive officer (CEO), and James, Madisons chief financial officer (CFO), engaged in a practice known as using dummy assets to inflate...
-
Dwayne cole, owner of a Florida firm that manufactures display cabinets, develops an 8- month aggregate plan. Demand and capacity ( in units) are forecast as follows: Capacity The cost of producing...
-
The definition, " ' Chiropractor ' means a person who is a medical quack with no legitimate scientific background," is an example of: Theoretical definition Definition by subclass Persuasive...
-
Determine a condition on |x - 1| that will assure that: (a) |x2 - 1| < 1/2, (b) |x2 - 1 < 1/10-3, (c) |x2 - 1| < 1/n for a given n N, (d) |x3 - 1| < 1/n for a given n N.
-
American Demographics reports the age distribution of consumers who bought tabloid newspapers / magazines during the past year *To simplify your calculations, assume the last age group is 65 to 80....
-
A recent study collected data from 300 shoppers who recently purchased one or more items at Kari H Junior Fashions in the First Avenue Mall. Results of the study are reported in the histograms below....
-
Modify HashST to implement the SET API given at the end of this section (remover the Comparable restriction from the API).
-
Dexter has determined that he would like to have a house built for him. After buying the land, he meets with Tiller Contracting to draw up blue prints and create specifications of the construction....
-
e. Assume that Raphael Genesis of 1121 Monroe Street, Ironton, OH 45638 is the owner of GC, which was operated as a proprietorship. Raphael is thinking about incorporating the business for next year...
-
Why does historical context matter with respect to non-linguistic signifiers (ie symbols, etc) in determining whether they can be understood as hate speech?
-
The transaction of Padilla Services are recorded in the general journal below. Accounting Transactions Date Account Titles and Explanation Debit ($) Credit ($) Jan. 1 Cash 20,000 Notes Payable 20,000...
-
1. Describe the requirements for and the procedure by which a Trade Union is recognized in The Bahamas. 2. Define and explain the difference between unfair dismissal and wrongful dismissal. 3....
-
According to the information in Table 1, for all the species shown, as the exposure to bacteria increases, the relative ability to combat the bacteria generally: F. Decreases only. G. Increases only....
-
Suppose that the electrical potential at the point (x, y, z) is E(x, y, z) = x + y - 2z. What is the direction of the acceleration at the point (1,3,2)?
-
Construct a 95% confidence interval to estimate 1 - 2 by using the following data. Assume the populations are normallydistributed. Sample 1 Sample 2 X2 = 70.9 $5 = 11.4 219 74.6 = 10.5 111 = 18
-
The following data have been gathered from two related samples. The differences are assumed to be normally distributed in the population. Use these data and alpha of .01 to test the following...
-
Use the following data to construct a 99% confidence interval to estimate D. Assume the differences are normally distributed in thepopulation. Respondent eore After Before 47 63 35 36 56 38 50 39 27...
-
1. Negative impact of blockchain technology on taxation in the accounting profession. 2.what are the factors that influence an organisations work practice and expectations of an accounting...
-
What do you think of modeling an entire culture on just six dimensions? Are there aspects of the culture that are not covered by these dimensions? What do you think of the mere concept of culture as...
-
A business organisation is a system. It consists of many subsystems, such as departments, divisions, process teams and other workgroups. Organisations are designed for the purpose of creating...
Study smarter with the SolutionInn App