Statistics of Income Bulletin, a publication of the Internal Revenue Services, contain data on top wealth holders by marital status. A random sample of top wealth-holders yielded the following contingency table.Single/DivorcedWidowedMarried5564$100K-249.999k2271420$250K-449.999k624$500K-999.999k19318$1,000K-or more| Do the data provide sufficient evidence to conclude that net worth and marital status are statistically dependent for top wealth-holders? Perform the requiredhypothesis test at the 10%significance level.Tyne in Canvas the grand total.Cs Scanned with CamScanner

Given: Married Single/Divorced Widow Total 100K-249.999k 227 55 64 346 250K-449.999k 62 14…

Answered: Statistics of Income Bulletin, a…

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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A shopper at a local supermarket has spent these amounts in his last eight trips to the store: $32.92, 14.14, 30.80, 28.34, 75.58, 36.33, 33.51, and 22.94. Which statement about deleting the amount spent of $75.58 is false? a. The median of this data set may be more representative of the mean. b. The value of the mean would be reduced by $5.89. c. The value of the mean would not change. d. The value of the mean would be greatly reduced.
The table below shows the auto insurance quotes for two leading companies for a sample of 15 families. Assume the populations SDs are similar, but unknown. The President of the American Insurance Institute wants to compare the yearly costs of such insurance offered by the two companies. At the 0.10 level of significance, can we conclude that there is a difference in the amounts quoted? Families Southern Car American Mutual ($) ($) 1 2090 1610 2 1683 1247 3 1402 2327 4 1830 1367 5 930 1461 6 697 1789 7 1741 1621 8 1129 1914 9 1018 1956 10 1881 1772 11 1571 1375 12 874 1527 13 1579 1767 14 1577 1636 15 860 1188
2. This table shows the mean and median total cash income for married-couple households (including wages, public assistance, interest/dividends, Social Security, pensions, etc.), by race and Hispanic origin. a apaa Median Household Mean Household Income ($) Income ($) Asian 110,453 78,010 66,893 110,138 145,948 Black 97,667 Hispanic White, non-Hispanic 88,450 129,142 a. Pick one group and interpret the median and the mean. b. For each group, how do the mean and the median compare? Explain why you think this must be the case.
An economist wonders if corporate productivity in some countries is more volatile than in other countries. One measure of a company's productivity is annual percentage yield based on total company assets.A random sample of leading companies in France gave the following percentage yields based on assets. 4.3 5.1 3.8 3.6 2.2 3.5 2.8 4.4 5.7 3.4 4.1 6.8 2.9 3.2 7.2 6.5 5.0 3.3 2.8 2.5 4.5 Use a calculator to verify that the sample variance is s2 ≈ 2.042 for this sample of French companies.Another random sample of leading companies in Germany gave the following percentage yields based on assets. 3.3 3.9 3.7 4.6 5.1 5.5 5.0 5.4 3.2 3.5 3.7 2.6 2.8 3.0 3.0 2.2 4.7 3.2 Use a calculator to verify that s2 ≈ 1.024 for this sample of German companies.Test the claim that there is a difference (either way) in the population variance of percentage yields for leading companies in France and Germany. Use a 5% level of significance. How could your test conclusion relate to the…
3. A movie studio releases 12 films in one year, earning a mean gross revenue of $14.4 million per film. The next year, the studio releases 8 films with a mean gross of $23.2 million per film. Which of the following is the mean gross revenue for the studio over these two years? (A) $4.1 million (B) $17.92 million (C) $18.8 million (D) $19.68 million (E) $37.6 million

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