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In: Statistics and Probability

The following table shows information on some poverty-related variables for 5 provinces. Province ID Income per...

The following table shows information on some poverty-related variables for 5 provinces.

Province ID

Income per capita

(in thousands of CA$)

Share of welfare recipients

Average life expectancy

A

45

0.05

75

B

22

0.10

66

C

32

0.08

70

D

56

0.01

80

E

70

0.01

85

Rank the provinces from poorest to richest after computing a basic (standardized) poverty index in which income per capita is weighted ½, share of welfare recipients ¼ , average life expectancy ¼. Please show all the steps as to why you got what you got. Simply ranking is NOT enough. You need to give a rationale and steps as to why you rank provinces in such order. Use statistic terminologies for example while coming up with answers.

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orchestra answered 1 year ago
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