The latest US Census lists the average household size for all households in the US as 2.61.
Question:
Figure 3.6
(a) Assume that two of the distributions show results from 1000 random samples, while two others show distributions from a sampling method that is biased. Which two dotplots appear to show samples produced using a biased sampling method? Explain your reasoning. Pick one of the distributions that you listed as biased and describe a sampling method that might produce this bias.
(b) For the two distributions that appear to show results from random samples, suppose that one comes from 1000 samples of size n = 100 and one comes from 1000 samples of size n = 500. Which distribution goes with which sample size? Explain.
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...
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Statistics Unlocking The Power Of Data
ISBN: 9780470601877
1st Edition
Authors: Robin H. Lock, Patti Frazer Lock, Kari Lock Morgan, Eric F. Lock, Dennis F. Lock