Sign In
Not register? Register Now!
Essay Available:
You are here: HomeEssayMathematics & Economics
Pages:
1 page/≈550 words
Sources:
No Sources
Level:
MLA
Subject:
Mathematics & Economics
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 8.64
Topic:

Probability and Statistics for Economics Mathematics & Economics Essay (Essay Sample)

Instructions:

An analysis of a client data set to determine some of its essential statistics.
The sample is the answer sheet submitted to the client after comprehensive data analysis per the instructions.

source..
Content:

Students Name
Professors Name
Course
Date
Probability and Statistics for Economics
Question One
In figure 1, the population data assumes a pattern of a normal distribution. Therefore, the sampling distributions of and must infer patterns that relate to normal distribution. The sample distributions of the mean equal to the mean of the entire population and should map correctly on the curve. Alternatively, the proportion of men with >$60,000 crowd wound the population mean at the peak of the curve (µ=$107,024.6).
Question Two
Population mean = Mean of sampling distribution, where n is 25
107,024.6 = x1+x2+…+x10025
Standard error of the mean = Standard deviation/ n
= $125,821.325 = $125,821.35 = 25,164.26
Population mean = Mean of sampling distribution, where n is 100
107,024.6 = x1+x2+…+x100100
Standard error of the mean = Standard deviation/ n where n is 100
= $125,821.3100 = $125,821.310 = 12,582.13
Question Three
Population mean = $107,024.6
Standard deviation = $125,821.3
Where n is 25
Standard error of p = p = p(1-p)n
= 0.6854(1-0.6854)25 = 0.215625 = 0.0929

...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Guatamela Poverty Assessment Report Mathematics & Economics Essay
    Description: The Guatemala data set presents a breakdown of the population’s per capita income in the indigenous, non-indigenous, urban, and rural population categories. The basic headcount calculation indicates that the country has made some progress in eliminating poverty (Table 1)....
    2 pages/≈550 words| 1 Source | MLA | Mathematics & Economics | Essay |
  • Drug Target Validation. Mathematics & Economics Essay
    Description: The economic framework of a state or a nation is an area of much focus by the economists in particularly, but generally but also for all stakeholders of a country....
    10 pages/≈2750 words| 5 Sources | MLA | Mathematics & Economics | Essay |
  • Security in campus. Mathematics & Economics Essay.
    Description: Security in colleges, universities and other learning institution has been a major concern. There are many insecurity concerns raised in recent past about criminals going in schools and attacking the innocent, defenseless and harmless students....
    2 pages/≈550 words| 1 Source | MLA | Mathematics & Economics | Essay |
Need a Custom Essay Written?
First time 15% Discount!