Question

In: Statistics and Probability

Draw and display a histogram for each of the two variables using appropriate BIN values from...

Draw and display a histogram for each of the two variables using appropriate BIN values from part (b) and comment on the shape of the two distributions.

Hours Per Week Yearly Income ('000's)
18 43.8
13 44.5
18 44.8
25.5 46.0
11.3 41.1
18 43.3
16 43.6
27 46.2
27.5 46.8
30.5 48.2
24.5 49.3
32.5 53.8
25 53.9
23.5 54.2
30.5 50.5
27.5 51.2
28 51.5
26 52.6
25.5 52.8
26.5 52.9
33 49.5
15 49.8
27.5 50.3
36 54.3
27 55.1
34.5 55.3
39 61.7
37 62.3
31.5 63.4
37 63.7
24.5 55.5
28 55.6
19 55.7
38.5 58.2
37.5 58.3
18.5 58.4
32 59.2
35 59.3
36 59.4
39 60.5
24.5 56.7
26 57.8
38 63.8
44.4 64.2
34.5 55.8
34.5 56.2
40 64.3
41.5 64.5
34.5 64.7
42.3 66.1
34.5 72.3
28 73.2
38 74.2
31.5 68.5
36 69.7
37.5 71.2
22 66.3
33.5 66.5
37 66.7
43.5 74.7
20 62.0
35 57.3
24 55.3
24.3 55.6

The researcher suggests using class intervals as 10 < X ≤ 15, 15 < X ≤ 20, …, 40 < X ≤ 45 for the hours per week variable and class intervals 40 < X ≤ 45, 45 < X ≤ 50, ..., 70 < X ≤ 75 for the yearly income variable.

Solutions

Expert Solution

1) Hours per week       Using the given bins, we create the class table

Using Excel function Histogram in Data->Data Analysis, we plot the histogram as below

Fill the frequency obtained in the table above

Comment on the distribution     
The distribution appears to be left skewed as its long tail is on the left side      

---------------------------------------------------------------------------------------------------------------------------------

2) Yearly Income ('000s)                       Using the given bins, we create the class table

Using Excel function Histogram in Data->Data Analysis, we plot the histogram as below

Fill the frequency obtained in the table above

Comment on the distribution              
The distribution appears to be approximately normal as the shape is symmetric bell shaped              

If you are satisfied with the solution, kindly give a thumbs up.


Related Solutions

Refer to the accompanying technology display. The probabilities in the display were obtained using the values...
Refer to the accompanying technology display. The probabilities in the display were obtained using the values of n equals 5 and p equals 0.759. In a clinical test of a​ drug, 75.9​% of the subjects treated with 10 mg of the drug experienced headaches. In each​ case, assume that 5 subjects are randomly selected and treated with 10 mg of the drug. Find the probability that more than one subject experiences headaches. Is it reasonable to expect that more than...
Make a histogram of each random variable using the Matlab “hist” function. Normalize the histogram before...
Make a histogram of each random variable using the Matlab “hist” function. Normalize the histogram before plotting to yield a pdf (probability density function). On top of the histogram superimpose the theoretical pdf of the appropriate distribution
Below are the values for two variables x and y obtained from a sample of size...
Below are the values for two variables x and y obtained from a sample of size 5. We want to build a regression equation based the sample data. ŷ = b₀ + b₁x y x 16 5 21 10 8 6 28 12 53 14 11 On average the observed y deviate from the predicted y by, a 10.73 b 10.04 c 9.53 d 8.76 12 Sum of squares total (SST) is, a 1096.3 b 1178.8 c 1296.7 d 1361.5...
Below are the values for two variables x and y obtained from a sample of size...
Below are the values for two variables x and y obtained from a sample of size 5. We want to build a regression equation based the sample data. ŷ = b₀ + b₁x y x 16 5 21 10 8 6 28 12 53 14 1 The sum product of x and y is, a 1416 b 1451 c 1466 d 1481 2 The value in the numerator of the formula to compute the slope of the regression equation is,...
Use appropriate descriptive statistics to summarize each of the two variables for the 40 Gulf View...
Use appropriate descriptive statistics to summarize each of the two variables for the 40 Gulf View condominiums, and each of the two variables for the 18 No Gulf View condominiums. What are the means and standard deviations of the four variables? . Compare your summary results. Discuss any specific statistical results that would help a real estate agent understand the condominium market. In particular, what are the percent discounts between the average list and sale price for Gulf View and...
Identify which graphical display might be appropriate in each case. The graphs you may choose from...
Identify which graphical display might be appropriate in each case. The graphs you may choose from are: Bar chart Pie chart Side-by-side bar chart Segmented bar chart Histogram Dotplot Side-by-side boxplots Scatterplot The statistical procedures to choose from are: Chi-squares for association Z-test for one sample mean Linear regression and correlation Student-test for mean differences Z test for single proportion ANOVA Z  test for difference between means Chi-squares goodness of fit Scenario Graphic Statistical Procedure 1.Investigate the number of months in...
Create the appropriate variables and algorithm to calculate the following. Choose your own values for the...
Create the appropriate variables and algorithm to calculate the following. Choose your own values for the variables. Do not enter the code on this paper. Create a program that calculates and displays the calculation. Approximate pi (π) as 3.14159. You do not need to create a new program for each question. If certain math equations use the same variable name, then you only need to declare it once in your main function. Separate each problem using comments, like seen in...
Drag each label into the appropriate bin depending on whether it applies to primary, secondary, tertiary, or quaternary structure
Drag each label into the appropriate bin depending on whether it applies to primary, secondary, tertiary, or quaternary structure
Using the appropriate diagram for each question briefly explain (one or two sentences) each of the...
Using the appropriate diagram for each question briefly explain (one or two sentences) each of the following. Explain how price is determined in a perfectly competitive industry. Now explain how price is determined in a monopoly. Now explain how the firm in a competitive industry can determine its profit-maximizing level of output. Will the firm that follows your answer to part c always make a profit at its profit-maximizing level of output? Explain your answer. Should a competitive firm shut-down...
2. For each of the following situations, write down (a) the most appropriate graphical display for...
2. For each of the following situations, write down (a) the most appropriate graphical display for the data, and (b) identify a statistic that you might be interested in regarding the data. (i) [2 marks] A survey given to 400 high school students asked the following question: "How many minutes do you study on a typical weeknight?". (ii) [2 marks] Students in Statistics classes made up of 360 students were asked the main method of transportation to school. Students answers...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT