The table below is a summary of a neighborhood survey. Which of the neighborhoods would you consider the lowest income neighborhood? Explain your answer? TABLE 1 CROWN HEIGHTS, EAST NEW YORK PROSPECT HEIGHTS/ FLATBUSH BED-STUY / BUSHWICK INCOME Count % Count % Count LESS THAN $15,000 45 19.7% 5 7.8% 11 8.3% $15,000 -$24,999 69 30.1% 25 39.1% 38 28.6% $25,000 - $34,999 64 27.9% 18 28.1% 40 30.1% $35,000 - $44,999 27 11.8% 9.4% 21 15.8% $45,000 OR MORE 24 10.5% 10 15.6% 23 17.3%

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
e_id%3D_2120042_1&group_id%3D&mode%3Dview
PROBLEM #2
The table below is a summary of a neighborhood survey. Which of the neighborhoods would you consider the
lowest income neighborhood? Explain your answer?
TABLE 1
CROWN
PROSPECT
HEIGHTS, EAST
NEW YORK
HEIGHTS/
FLATBUSH
BED-STUY /
BUSHWICK
INCOME
Count
%
Count
%
Count
LESS THAN
$15,000
45
19.7%
7.8%
11
8.3%
$15 000 $24,999
69
30.1%
25
39.1%
38
28.6%
$25,000 $34 999
64
27.9%
18
28.1%
40
30.1%
$35,000 $44,999
27
11.8%
9.4%
21
15.8%
$45.000 OR
MORE
24
10.5%
10
15.6%
23
17.3%
1. You must create a new table in MS-Excel to calculate the Midpoints of the Income ranges and calculate
the Estimated Weighted Average Income for each of the neighborhoods before you can make a valid
decision.
2. For each of the neighborhoods establish a 98% Confidence Interval to estimate the mean income
3. Do you observe any overlaps in the estimated mean incomes between any two neighborhoods?
Cance
Save Draft
Submit
3:59 AM
2Type here to search
6.
Rain off and on
5/9/2022
ip
112
?
prt sc
delete
esc
144
114
144
%23
3
00
%24
Transcribed Image Text:e_id%3D_2120042_1&group_id%3D&mode%3Dview PROBLEM #2 The table below is a summary of a neighborhood survey. Which of the neighborhoods would you consider the lowest income neighborhood? Explain your answer? TABLE 1 CROWN PROSPECT HEIGHTS, EAST NEW YORK HEIGHTS/ FLATBUSH BED-STUY / BUSHWICK INCOME Count % Count % Count LESS THAN $15,000 45 19.7% 7.8% 11 8.3% $15 000 $24,999 69 30.1% 25 39.1% 38 28.6% $25,000 $34 999 64 27.9% 18 28.1% 40 30.1% $35,000 $44,999 27 11.8% 9.4% 21 15.8% $45.000 OR MORE 24 10.5% 10 15.6% 23 17.3% 1. You must create a new table in MS-Excel to calculate the Midpoints of the Income ranges and calculate the Estimated Weighted Average Income for each of the neighborhoods before you can make a valid decision. 2. For each of the neighborhoods establish a 98% Confidence Interval to estimate the mean income 3. Do you observe any overlaps in the estimated mean incomes between any two neighborhoods? Cance Save Draft Submit 3:59 AM 2Type here to search 6. Rain off and on 5/9/2022 ip 112 ? prt sc delete esc 144 114 144 %23 3 00 %24
$15,000
7.8%
11
8.3%
$15,000 - $24,999
69
30.1%
25
39.1%
38
28.6%
$25,000 - $34,999
64
27.9%
18
28.1%
40
30.1%
$35,000 - $44,999
27
11.8%
9.4%
21
15.8%
$45,000 OR
MORE
24
10.5%
10
15.6%
23
17.3%
1. You must create a new table in MS-Excel to calculate the Midpoints of the Income ranges and calculate
the Estimated Weighted Average Income for each of the neighborhoods before you can make a valid
decision.
2. For each of the neighborhoods, establish a 98% Confidence Interval to estimate the mean income.
3. Do you observe any overlaps in the estimated mean incomes between any two neighborhoods?
4. What do you think is the interpretation of the overlaps of the Confidence Intervals?
NEBHUD PRICES CONFID .cOC
HOUSES AROCH BORPARKX5X
ASSIGNMENT SUBMISSION
Cancel
Save Draft
Submit
3:59 AM
Rain off and on
5/9/2022
Type here to search
op
prt sc
f6
144
f4
esc
23
2
3.
Q
E
tab
CO
%24
%23
业不
Transcribed Image Text:$15,000 7.8% 11 8.3% $15,000 - $24,999 69 30.1% 25 39.1% 38 28.6% $25,000 - $34,999 64 27.9% 18 28.1% 40 30.1% $35,000 - $44,999 27 11.8% 9.4% 21 15.8% $45,000 OR MORE 24 10.5% 10 15.6% 23 17.3% 1. You must create a new table in MS-Excel to calculate the Midpoints of the Income ranges and calculate the Estimated Weighted Average Income for each of the neighborhoods before you can make a valid decision. 2. For each of the neighborhoods, establish a 98% Confidence Interval to estimate the mean income. 3. Do you observe any overlaps in the estimated mean incomes between any two neighborhoods? 4. What do you think is the interpretation of the overlaps of the Confidence Intervals? NEBHUD PRICES CONFID .cOC HOUSES AROCH BORPARKX5X ASSIGNMENT SUBMISSION Cancel Save Draft Submit 3:59 AM Rain off and on 5/9/2022 Type here to search op prt sc f6 144 f4 esc 23 2 3. Q E tab CO %24 %23 业不
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
  • SEE MORE 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