Consider the data in the table below which was collected from a random sample of 20 vendors at a local open market during the first week after the lockdown period: Vendor Number of years in operation Daily income (NS) 1 > 5 years 1555 2 <1 year 806 3 Between 1 and 5 years 1150 4 Between 1 and 5 years 1350 5 > 5 years 1790 Between 1 and 5 years 1660 7 <1 year 505 8. > 5 years 1950 9 Between 1 and 5 years 2240 10 > 5 years 1811 11 Between 1 and 5 years 1904 12 > 5 years 2209 13 <1 year 1600 14 > 5 years 2010 15 Between 1 and 5 years 2300 16 Between 1 and 5 years 300 17 <1 year 549 18 > 5 years 662 19 Between 1 and 5 years 1444 20 <1 year 755 Required: Construct a cross-tabulation between the random variables Daily Income and Number of years in Operation and provide an interpretation.

Consider the data in the table below which was collected from a random sample of 20 vendors at a local open market during the first week after the lockdown period: Vendor Number of years in operation Daily income (NS) 1 > 5 years 1555 2 <1 year 806 3 Between 1 and 5 years 1150 4 Between 1 and 5 years 1350 5 > 5 years 1790 Between 1 and 5 years 1660 7 <1 year 505 8. > 5 years 1950 9 Between 1 and 5 years 2240 10 > 5 years 1811 11 Between 1 and 5 years 1904 12 > 5 years 2209 13 <1 year 1600 14 > 5 years 2010 15 Between 1 and 5 years 2300 16 Between 1 and 5 years 300 17 <1 year 549 18 > 5 years 662 19 Between 1 and 5 years 1444 20 <1 year 755 Required: Construct a cross-tabulation between the random variables Daily Income and Number of years in Operation and provide an interpretation.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

Consider the data in the table below which was collected from a random sample of 20
vendors at a local open market during the first week after the lockdown period:
Vendor
Number of years in operation
Daily income (N$)
1
> 5 years
1555
2
<1 year
806
Between 1 and 5 years
1150
4
Between 1 and 5
years
1350
> 5 years
1790
6.
Between 1 and 5
years
1660
7
<1 year
505
8.
> 5 years
1950
9.
Between 1 and 5 years
2240
10
> 5 years
1811
11
Between 1 and 5 years
1904
12
> 5 years
2209
13
<1 year
1600
14
> 5 years
2010
15
Between 1 and 5 years
2300
16
Between 1 and 5 years
300
17
<1 year
549
18
> 5 years
662
19
Between 1 and 5 years
1444
20
<1 year
755
Required:
Construct a cross-tabulation between the random variables Daily Income and Number of
years in Operation and provide an interpretation.

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