Political decisions and national mean

Assignment Help Basic Statistics
Reference no: EM1391965

1) Which measure of family wealth is most important, when making political decisions, the national mean, median or mode?

2)Which measure of family wealth is the best measure of the country's overall wealth, the mean, median, or mode?

Reference no: EM1391965

Questions Cloud

Research on the topic of marriage and other alternatives : Write down 3-5 page paper (in proper APA format) researching the topic of marriage and other alternatives. Divorce and common effects on family.
Rhizobium versus bacillus thuringiensis : Discuss similarities and differences how a farmer would use Rhizobium versus Bacillus thuringiensis? Are there any other types of microbes the farmer could use for similar purposes?
What is your lcl : the desired confidence level is 99 percent, and the average of the sample means is 20. What is your LCL?
Sampling distribution of sample mean : The starting salaries of individuals with an MBA degree are normally distributed with mean of $40,000 and standard deviation of $5,000. What percentage of MBA's will have starting salaries of $34,000 to $46,000?
Political decisions and national mean : Which measure of family wealth is most important, when making political decisions, the national mean, median or mode?
What is the ucl : You know the standard deviation of the sample means is 4, the desired confidence level is 99.7 percent, and the average of the sample means is 24. What is the UCL?
Rules for normal approximation : Given the binomial distribution with n = 23 and p = 0.79, would the normal distribution provide the reasonable approximation? Why or why not?
Antibodies against the measles virus : Assume blood isolated from an emergency room patient contains antibodies against the measles virus. Describe whether or not the patient should be quarantined immediately because they are infected with the measles virus.
Differences in the proportions : Determine whether the difference in proportions is significant at the 0.05 level.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Calculating ninety five percent confidence interval

Calculate the 95% confidence interval for the proportion of students with at least one injury for each of the two subpopulation

  Standard error of the difference between the means

What is the standard error of the difference between the means?

  Study of cardiovascular risk factors

A study of cardiovascular risk factors compared heavy smokers, light smokers, and nonsmokers. Both men and women were included in the study so that the two factors are smoking level and gender.

  Which data set is more variable and why

The average monthly cost per household for groceries in kentucky is $625/mo with a standard deviation of $125/mo. The average age of the memebers in each of the households in Kentucky is 22.5 yr with a standard deviation of 5.175 yr. Which data se..

  Which presents a modi solution for a transportation problem

According to table, which presents a MODI solution for a transportation problem, if that solution is used, which of the following is true.

  Calculate the test statistic value for population mean

A sample of 81 business managers on the West Coast had an average breakfast cost of $7.65. 13. At a = 0.05, what is the test value?

  Normal probabilities using standard normal table

Finding Normal probabilities using standard normal table or Excel built in functions

  Calculating your test statistic

Using a significance level of 0.05, perform a hypothesis test to see if the workers are right, and you need to hire more help. Write your hypotheses, calculate your test statistic and decide whether or not to reject your null.

  Hypertensive status and independent events

What is the probability that 0, 1, 2, or 3 hypertensives will be identi ed in such sibships if the hypertensive status of 2 siblings in the same family are independent events?

  Compare the two forecasts by utilizing mad

Calculate a 3-month moving average forecast for months 4 through 9 also Compare the two forecasts by utilizing MAD. Which forecast appears to be more accurate.

  Homogeneity of variance assumption

For each of the following problems, assume that the homogeneity of variance assumption has not been met and that you will need to use the adjusted Welch statistic.

  Hypothesis testing for matched sample

Estimate with 95% confidence the mean reduction in time it takes for someone who has taken the sleeping pill to fall asleep.

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!

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