In 2011, the website NewGeography .com listed its ranking of the best cities for job growth in

Question:

In 2011, the website NewGeography .com listed its ranking of the best cities for job growth in the United States. Here is the magazine's top 20 larger cites, along with their weighted job rating index.
In 2011, the website NewGeography .com listed its ranking of

a) Make a suitable display of the weighted growth indices.
b) Summarize the typical growth index among these cities with a median and mean. Why do they differ?
c) Given what you know about the distribution, which of the measures in part b does the better job of summarizing the growth indices? Why?
d) Summarize the spread of the growth index distribution with a standard deviation and with an IQR.
e) Given what you know about the distribution, which of the measures in part d does the better job of summarizing the growth rates? Why?
f) Suppose we subtract from each of the preceding growth rates the average U.S. large-city growth index of 49.23%, so that we can look at how much these indices exceed the U.S. rate. How would this change the values of the summary statistics you calculated above?
g) If we were to omit Austin-Round Rock-San Marcos, TX from the data, how would you expect the mean, median, standard deviation, and IQR to change? Explain your expectations for each.
h) Write a brief report about all of these growth indices.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Stats Data and Models

ISBN: 978-0321986498

4th edition

Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock

Question Posted: