User Account

All Pages

Distribution of millionaires

Assignment Help Basic Statistics
Reference no: EM131799090

In 2003 The World Wealth Report first started publishing market shares of global millionaires (The Wall Street Journal, June 25,2008). At this time, the distribution of the world's people worth $1 million or more was:

1296_publishing market shares of global millionaires.png

A recent sample of 500 global millionaires produces the following results:

1991_global millionaires.png

a. Test whether the distribution of millionaires in 2011 is different from the distribution in 2003 at α = 0.05.

b. Would the conclusion change if we tested it at α = 0.10?

Reference no: EM131799090

Questions Cloud

Explain the elements of the amendment : A business owner asks you to explain how the First Amendment to the US Constitution can affect their business. Please provide your explanation considering.
Determining the capacity of the process : The milling machine requires a setup time of 30 minutes to make table tops and a changeover time of 30 minutes to make table stands.
What exactly is meant by exchange rate risk : Your chief financial officer (CFO) was unable to attend the recent monthly chamber of commerce meeting. You learned from some other local CFOs that changing.
Why do you think skills are fundamentally important : Strategic managerial communication is needed for effective business discussions including negotiations, conflict management, prioritizing, and establishing.
Distribution of millionaires : Test whether the distribution of millionaires in 2011 is different from the distribution in 2003 at a = 0.05.
What is done well and where could improvements be made : Our authors' present computer based training as a training technique for both the classroom and self-paced training methods.
Associated press-gfk poll : At the 5% significance level, can the researcher conclude that preferences have changed since the Associated Press-GfK Poll?
Conducting a test of independence : Suppose you are conducting a test of independence. Specify the critical value under the following scenarios:
What action will be taken against the baby sitter : What action will be taken against the baby sitter? What laws will be applied if she has to be judged and punished?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Probability that selected pregnancy lasts less than days

Mean u=222 days and standard deviation o=13 days. What is the probability that a randomly selected pregnancy lasts less than 218 days?

  A jar contains 1 red marble 3 yellow marbles and 2 blue

question a jar contains 1 red marble 3 yellow marbles and 2 blue marbles. a game consists of selecting a marble and

  What is the advantage of reducing process variation thereby

motorola used the normal distribution to determine the probability of defects and the number of defects expected in a

  Draw a sample size from normal distribution

How large a sample is required if the 97 percent level of confidence is used and the estimate is to be within $2,500? The standard deviation is $16,000.

  Longest reigning monarch of the uk

Queen Elizabeth II is famously the longest reigning monarch of the UK, followed by Queen Victoria - but who is third?

  Required probability for given probability distribution

By using the age midpoints x and the percentages of nurses, do we have a valid probability distribution? Describe.

  Write the first order model plus interaction

Identify the independent variables as quantitative or qualitative.- Write the complete second-order model for E(y).

  If you wanted to calculate the average percentage of people

the u.s. census bureau collects and analyzes data on numerous aspects of american life by state including the

  Conduct statistical analyses including correlations

Conduct statistical analyses including correlations, regression, and discriminant analysis

  Analysis of romano-british pottery

Pottery. Archaeologists can use the chemical composition of clay found in pottery artifacts to determine whether different sites were populated by the same.

  Show that the marginal pdf of follows a rician distribution

Suppose X and Y are independen- Find the joint PDF of R and Θ. - Show that the marginal PDF of follows a Rician distribution.

  Standard deviation of the distribution of sample means

Based on data from the college board assume SAT scores are normally distributed with a mean of 1518 points and a standard deviation of 325 points? If a sample of 100 students is taken taken what is the mean and standard deviation of the distribut..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd