National income from manufacturing industries is to be estimated for 1989 from a sample of 6 of the 19 industry categories that reported figures early for that year. Incomes from all 19 industries are known for 1980 and the total is $674 billion. From the data provided, estimate the total national income from manufacturing in 1989, with a bound on the error. All figures are in billions of constant (1982) dollars. Industry 1980 1989 Lumber and wood products Electrie and electronie 21 63 26 91 equipment Motor vehicles and 91 47 equipment Food and kindred products Textile mill products 60 70 70 70 Chemicals and allied 50 50 products a. Find a ratio estimator of the 1989 total income, and place a bound on the eror of estimation. Interpret the results. b. Find a regression estimator of the 1989 total income, and place a bound on the error of estimation. Interpret the results. c. Find a difference estimator of the 1989 total income, and place a bound on the error of estimation. d. Which of the three methods, parts (a), (b), or (c), is most appropriate in this case? Why?

National income from manufacturing industries is to be estimated for 1989 from a sample of 6 of the 19 industry categories that reported figures early for that year. Incomes from all 19 industries are known for 1980 and the total is $674 billion. From the data provided, estimate the total national income from manufacturing in 1989, with a bound on the error. All figures are in billions of constant (1982) dollars. Industry 1980 1989 Lumber and wood products Electrie and electronie 21 63 26 91 equipment Motor vehicles and 91 47 equipment Food and kindred products Textile mill products 60 70 70 70 Chemicals and allied 50 50 products a. Find a ratio estimator of the 1989 total income, and place a bound on the eror of estimation. Interpret the results. b. Find a regression estimator of the 1989 total income, and place a bound on the error of estimation. Interpret the results. c. Find a difference estimator of the 1989 total income, and place a bound on the error of estimation. d. Which of the three methods, parts (a), (b), or (c), is most appropriate in this case? Why?

Name: National income from manufacturing industries is to be estimated for
Uploaded: 2024-03-20T07:06:41.000Z
Channel: Bartleby
Description: National income from manufacturing industries is to be estimated for 1989 from a sampleof 6 of the 19 industry categories that reported figures early for that year. Incomes from all 19industries are known for 1980 and the total is $674 billion. From

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: A criminologist is studying violent crime rates across the United States. Using Department of…

A: Measured of dispersion measures the spread of the data. Measure of central tendency measures the…

Q: Suppose that the following data is the total annual incomes (rounded to thousands) for all 30 staffs…

A: Frequency distribution is used to know that, how the data is frequently repeated in a specified…

Q: Question 2 A criminologist is studying violent crime rates across the United States. Using…

A: Given data :…

Q: The table below displaying the average price (R) and average quantity (kg) of meat products sold…

Q: The above contains data on median home prices in the West Census region quarterly from 2010 to 2018.…

A: We will build two models on the training set: a linear trend model and a quadratic trend model,…

Q: Estimates for an army's strength and losses for a particular battle are given in the displayed…

A: Unit StrengthLossI Corps205857712II Corps211426787III Corps235818914Cavalry7786330Total7309423743

Q: workers 2 3 7 9 10 10 12 15 16 20 sales in 1000 10 11 13 14 18 20 20 22 22 26 If the residual of 14…

A: The equation of regression line is . Y⏞=β0 + β1 * X Y= dependent variable =Workers X= Dependent…

Q: How much greatest is the interest rate of account m?

A: Compare the interest in two accounts.

Q: A company repairs desktop calculators and cash registers. The data from 18 repairs are written in…

A: (a) Use EXCEL to obtain the value correlation coefficient r: EXCEL procedure: Go to EXCEL Go…

Q: A criminologist is studying violent crime rates across the United States. Using Department of…

A: The mean value of a data set can be calculated by dividing the sum of observations with the number…

Q: (a) How many classes are in the histogram for the Five-Year Rate of Return data when the "Starting…

Q: Here are annual revenue data in billions of dollars for the 10-year period 2008-2017 for two…

A: A regression is a technique in statistics that relates a dependent and independent variable. In this…

Q: The solar energy consumed (in trillion BTU) in the U.S. by year from 1989 to 2004 (source: U.S.…

A: Given data: 55.291 59.718 62.688 63.886 66.458 68.548 69.857 70.833 70.237…

Q: Fertility Rates. From the U.S. Census Bureau, in the document International Data Base, we obtained…

A: Step by step procedure to draw the histogram by using MINITAB software.Choose Graph >…

Q: Deaths from Motor Vehicle Crashes Listed below are the numbers of deaths in the United States…

A: Step-by-step procedure to construct the scatterplot for linear model using the Excel is as…

Q: Two sectors of some economy are Sector 1 and Sector 2. The input-output table involving these two…

A: Given,

Q: A study identified top accounting firms across the United States. The Southeast and Gulf Coast…

Q: n an AOV Summary Table, the following is true: a) mean squares are used to compute a t statistic…

A: The value of F-statistic is,

Q: The annual revenue of Amazon is given in the table below (sourceLinks to an external site.). Year…

A: Consider the given the annual revenue of Amazon:YearAmazon Annual Revenue(Billions of US…

Q: Use the table to answer the following questions. Year U.S population (millions) Traffic…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: ) U.S. Health care expenditures. Because the over-65 population is growing more rapidly in the next…

A: Hi! Thank you for the question, as per the honor code, we are allowed to answer three sub-parts at a…

Q: 2.62 For the period 2001–2008, the Bristol-Myers Squibb Company, Inc. reported the following amounts…

A: Here we have the following report on the amount of the net sales and spend on advertising/product…

Q: A criminologist is studying violent crime rates across the United States. Using Department of…

A: Solution

Q: Suppose that the following data is the total annual incomes (rounded to thousands) for all 30 staffs…

A: Note that to calculate the provided descriptive statistics we have to first change our non…

Q: 10, 11, 55, 45, demand for 6

A: we have given data quarterly sales Data 10 31 43 16 11 33 45 17 14 46 50…

Q: The table below contains real data for the first two decades of AIDS reporting. Year # AIDS cases…

A: Graph year versus AIDS deaths: Steps to construct scatter plot in Excel: Enter Year and AIDS deaths…

Q: Recent BASEBALL Team Payrolls and Wins Team Payroll Wins Boston Red Sox 197.041 93 Cleveland Indians…

A: Recent BASEBALL Team Payrolls and Wins Team Payroll Wins Boston Red Sox 197.041 93…

Q: The table gives the projections of the population, in millions, of a country's residents over age 16…

A: please find the answer.

Q: A study of selected crowdfunded projects showed that overall a majority were successful, achieving…

Q: City B City C City D City E 20 City A City F 50 km 20 19% 213 223 218 100 km 195 20 20% 21% 213 22%

A: Solution: Let X be the growth rate within 50km and Y be the growth rate within 100km. From the given…

Q: (a) At the 0.05 level of significance, is there evidence of a difference in the variability in…

A: From the given data: Let X denote growth in Southeast region and Y denote growth in Gulf Coast.…

Q: A criminologist is studying violent crime rates across the United States. Using Department of…

A: Solution: n= 90 Sample size ∑x=51562∑x2= 34195422

Q: Table 1. Violent victimization, by type of crime, 2016, and 2017 Appendix table 3. Standard errors…

A: The 95% confidence interval for the estimation of the number of Rape/sexual assault is .

Q: Min 3+.. 2%,+322 1x, 7,125 1x₁ + 1x₂ 71 350 2x + 1x₂ = 600 24x2710 Demand for Pr Total Profuc…

A: Topic:- application of algebra

Q: C8. According to the Pew Research Center (2015), recent immigrants are better educated than earlier…

Q: Bloomberg Intelligence listed 50 companies to watch in 2018…

A: The null hypothesis of the form: H0: β1 = 0, that is slope is 0. The alternative hypothesis is of…

Q: The selling prices of mutual funds change daily. In order to study these changes, a sample of mutual…

A: a. Obtain the value of Q1, Q3, median and IQR: Press STAT. Select 01:EDIT. Press Enter. Enter the…

Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

Topic Video

Question

National income from manufacturing industries is to be estimated for 1989 from a sample
of 6 of the 19 industry categories that reported figures early for that year. Incomes from all 19
industries are known for 1980 and the total is $674 billion. From the data provided, estimate the
total national income from manufacturing in 1989, with a bound on the error. All figures are in
billions of constant (1982) dollars.
Industry
1980
1989
Lumber and wood products
Electrie and electronie
21
63
26
91
equipment
Motor vehicles and
91
47
equipment
Food and kindred products
Textile mill products
70
70
60
70
Chemicals and allied
50
50
products
a. Find a ratio estimator of the 1989 total income, and place a bound on the error of
estimation. Interpret the results.
b. Find a regression estimator of the 1989 total income, and place a bound on the error of
estimation. Interpret the results.
c. Find a difference estimator of the 1989 total income, and place a bound on the error of
estimation.
d. Which of the three methods, parts (a), (b), or (c), is most appropriate in this case? Why?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Step 5

Trending now

This is a popular solution!

Step by step

Solved in 5 steps with 5 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Discrete Probability Distributions$

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

Stock Market Listed on the top of the next page in order by row are the annual high values of the Dow Jones Industrial Average for each year beginning with 1990. Find the best model and then predict the value for the year 2014 (the last year listed). Is the predicted value close to the actual value of 18,054?
The table shows the leading causes of death in a certain country in a recent year. The population of the country was 311311 million. If you lived in a typical city of 500,000, how many people would you expect to die of cancercancer each year? Cause Deaths Cause Deaths Heart disease 596 comma 700596,700 Alzheimer's disease 84 comma 90084,900 Cancer 575 comma 300575,300 Diabetes 73 comma 40073,400 Chronic respiratory diseases 143 comma 100143,100 Pneumonia/Influenza 53 comma 40053,400 Stroke 128 comma 600128,600 Kidney disease 45 comma 30045,300 Accidents 122 comma 500122,500 Suicide 38 comma 60038,600 About people would be expected to die of cancer each year. (Type a whole number. Round to the nearest person as needed.)
Please use excel.
Rate 528 715 366 391 815 527 441 976 588 278 559 686 604 498 947 1026 515 474 728 796 493 526 919 1122 304 519 559 453 438 236 176 454 661 361 226 478 381 698 351 157 347 428 554 332 610 279 237 796 365 998 618 523 491 380 804 758 1153 674 731 553 422 552 645 506 480 843 683 682 581 601 493 372 613 836 390 1053 816 936 152 444 695 597 430 920 607 996 452 506 376 282
Rate 528 715 366 391 815 527 441 976 588 278 559 686 604 498 947 1026 515 474 728 796 493 526 919 1122 304 519 559 453 438 236 176 454 661 361 226 478 381 698 351 157 347 428 554 332 610 279 237 796 365 998 618 523 491 380 804 758 1153 674 731 553 422 552 645 506 480 843 683 682 581 601 493 372 613 836 390 1053 816 936 152 444 695 597 430 920 607 996 452 506 376 282
Please use excel.
Please anwser using SPSS!
Rate 528 715 366 391 815 527 441 976 588 278 559 686 604 498 947 1026 515 474 728 796 493 526 919 1122 304 519 559 453 438 236 176 454 661 361 226 478 381 698 351 157 347 428 554 332 610 279 237 796 365 998 618 523 491 380 804 758 1153 674 731 553 422 552 645 506 480 843 683 682 581 601 493 372 613 836 390 1053 816 936 152 444 695 597 430 920 607 996 452 506 376 282