In: Statistics and Probability
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.