3. A split at the $32,000 Income point creates a top and bottom partition. Compute the overall (weighted) Gini index given an Income Split of $32,000. Client Data

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
3. A split at the $32,000 Income point creates a top and bottom partition. Compute the overall
(weighted) Gini index given an Income Split of $32,000.
Client Data
80,000
70,000
60,000
50,000
40,000
30,000
$32,000
20,000
10,000
10
20
30
40
50
Age
A. MSE split (Income=$36,000)
В. MSE
С. MSE
0.2667
split (Income=$36,000)
0.0000
split (Income=$36,000) = 0.4959
D. MSE split (Income=$36,000) = 0.3637
Income
Transcribed Image Text:3. A split at the $32,000 Income point creates a top and bottom partition. Compute the overall (weighted) Gini index given an Income Split of $32,000. Client Data 80,000 70,000 60,000 50,000 40,000 30,000 $32,000 20,000 10,000 10 20 30 40 50 Age A. MSE split (Income=$36,000) В. MSE С. MSE 0.2667 split (Income=$36,000) 0.0000 split (Income=$36,000) = 0.4959 D. MSE split (Income=$36,000) = 0.3637 Income
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Time Series Analyses, Forecasting Methods, and Indices
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman