| Let us return to the content in Exercise 49. The data in Table 7.1 indicates the results of a GSS survey which asked white citizens who have either never been married or are married whether they own or are buying versus rent their home. Let us use confidence intervals to compare people who own or are buying a home among those that are married versus those who pay rent among those that are married. | |||
| Calculate pˆ for the group of homeowners among those that are married. | |||
| For a confidence level of ell = .97, determine the z-score for which 97% of normally | |||
| distributed data falls within z deviations of the mean. Review Example 7.1. | |||
| Use Equation 7.1 to find the standard error and then use Equation 7.2 to determine the | |||
| confidence interval for p. | |||
| Review the section notes to carefully explain what the interval tells us. | |||
| Repeat the above steps for the group of renters among that that are married. | |||
| Review the section notes to carefully explain what the interval tells us. | |||
|
Now compare these two intervals. Do the intervals overlap or not? What association do we have or not have between marriage and homeownership due to whether or not the intervals overlap? |
|||
| Married | Never Married | Total | |
| Owns or is Buying | 9,178 | 1,785 | 10,963 |
| Pays Rent | 1,867 | 2,282 | 4,149 |
| Total | 11,045 | 4,067 | 15,112 |
In: Statistics and Probability
A state policymaker is thinking about reducing taxes to boost the local GDP. However, she is concerned about negative effects on the budget and orders a survey to gauge her voter’s consumption behaviour. The relevant information is summarized below.
C = 600 + 0.8(DI)
Multiplier:
1 / 1−mpc
14. What is the size of the multiplier?
15. Assume she goes through with her plan and reduces taxes. As a consequence, she generates a tax revenue of T=100. By how much will consumption increase? By how much Savings?
16. Use your results from Q14 and Q15 to calculate the eventual increase in GDP resulting from the tax policy.
In: Economics
Hi, These question is about flooding attack. I need more detail about it.
In: Computer Science
Choose one of the four questions presented in the "critical thinking" section on page 87 of the textbook. Present your answers in an essay format with professional writing and well thought out answers. Also provide some research and state a fact or idea. For example the sky is blue ( and here is why) and according to Dr. Smith in his article (abcdefgh) he states the the blue sky comes from...... The question is What can businesses do to prevent unexpected problems in dealing with sociocultural, economic and financial, legal and regulatory, and physical and environmental forces in global market?
In: Economics
Explain the benefit of the TCA cycle in detail.
In: Biology
Please explain – in detail- the process of translocation.
In: Biology
Explain (in detail) the entire development of the limbs?
In: Anatomy and Physiology
Explain and detail Renewable Energy Systems
In: Civil Engineering
please explain in detail The rise of Islam
In: Psychology