An economist wants to find the mean income of all adults in the United States. She knows that it is not practical to survey each member of the adult population, so she refers to an almanac and find the mean income listed for each of the 50 states. She adds the 50 state means and divides by 50. Is the result the mean income of the United States? Why-or why not?
An economist wants to find the mean income of all adults in the United States. She knows that it is not practical to survey each member of the adult population, so she refers to an almanac and find the mean income listed for each of the 50 states. She adds the 50 state means and divides by 50. Is the result the mean income of the United States? Why-or why not?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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