Question

The (average) per capita income of a country is $2,200, a) What is the level of...

The (average) per capita income of a country is $2,200,

a) What is the level of measurement of this value?

b) Does this previous value come from a population whose data is discrete or continuous?

c) True or False. _____ Could exactly the same previous value be obtained by choosing an appropriate random sample?

d) True or False _____ The study that yielded the figure of 22500 for the average income in that country was obtained through an experimental study.

e) True or False _____ The average value obtained from $22500 represents a parameter.

Homework Answers

Answer #1

a. The level of measurement of this value = Total National Income / Population of the Country.

b. The data should be discrete in this case because it represents the value of a particular year.

c. False. In choosing a random sample, the value will be close to this value and not exactly equal to this value.

d. True. The experimental study yielded the value of 22500 because under this type of study, the conditions are under the direct control of investigator.

e. False. Since it considers only a sample of value, thus it represents a statistics and not a parameter.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. In the Solow model without exogenous technological change, per capita income will grow in the...
1. In the Solow model without exogenous technological change, per capita income will grow in the long term as long as the country has an initial level of capital below the steady state level of capital (k o < k ⋅) TRUE OR FALSE? 2. In the Solow model without exogenous technological change, per capita income will grow in the short term as long as the country has an initial level of capital below the steady state level of capital...
1) What are some indicators that there are assignable causes for variation in a process? I.Process...
1) What are some indicators that there are assignable causes for variation in a process? I.Process capability. II. Data patters outside of the control limits. III. Data patters within the control limits. IV. Points randomly falling above and below the control chart center line. a. II and III b. II, III, IV c. I, II, IV d. I, II, III, IV 2) The best quantitative tool to determine the cause for variation in a process is: a. ANOVA b. Correllation...
1. For a pair of sample x- and y-values, what is the difference between the observed...
1. For a pair of sample x- and y-values, what is the difference between the observed value of y and the predicted value of y? a) An outlier b) The explanatory variable c) A residual d) The response variable 2. Which of the following statements is false: a) The correlation coefficient is unitless. b) A correlation coefficient of 0.62 suggests a stronger correlation than a correlation coefficient of -0.82. c) The correlation coefficient, r, is always between -1 and 1....
Question 1 2 pts Let x represent the height of first graders in a class. This...
Question 1 2 pts Let x represent the height of first graders in a class. This would be considered what type of variable: Nonsensical Lagging Continuous Discrete Flag this Question Question 2 2 pts Let x represent the height of corn in Oklahoma. This would be considered what type of variable: Discrete Inferential Distributed Continuous Flag this Question Question 3 2 pts Consider the following table. Age Group Frequency 18-29 9831 30-39 7845 40-49 6869 50-59 6323 60-69 5410 70...
Total utility can be objectively measured in numbers that indicate usefulness or benefit to the consumer....
Total utility can be objectively measured in numbers that indicate usefulness or benefit to the consumer. ____ 2. Consumers should purchase quantities of a good to the point where MU > P. ____ 3. Voluntary exchange requires that there must be mutual gain. ____ 4. Points along a budget line represent the maximum combinations of two commodities that a consumer can afford. ____ 5. The budget line represents a consumer's preferences for a commodity. ____ 6. A change in consumer...
Part I. Indicate whether true or false (T or F). ____ Storm water detention ponds typically...
Part I. Indicate whether true or false (T or F). ____ Storm water detention ponds typically are designed to regulate the outflow peak rate at or below a single target value, such as the pre-development (pre-land use change) peak runoff rate for a specified return period event. Detention storage alters the peak but not the volume of the outflow hydrograph. _____ Typical rating curves for weirs are concave upward. Typical rating curves for orifices are concave downward. ____ A sediment...
What is Medicare Part C? Provides the aged with home health care Provides the aged with...
What is Medicare Part C? Provides the aged with home health care Provides the aged with prescription drugs Enables low-income aged to participate in Medicaid Provides a voluntary managed care option for the aged How is Medicaid financed? It is financed entirely by the federal government. It is financed entirely by the state. States receive the same percentage of federal support. States with lower per capita incomes receive a greater percentage of federal support If a healthcare system is "free"...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
What role could the governance of ethics have played if it had been in existence in...
What role could the governance of ethics have played if it had been in existence in the organization? Assess the leadership of Enron from an ethical perspective. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among the top Fortune 500 companies, collapsed in 2001 under a mountain of debt...
Please summarize the below article in approximately 100 words: Monumental function in British Neolithic burial practices...
Please summarize the below article in approximately 100 words: Monumental function in British Neolithic burial practices Ian Kinnes The high-risk rate of survival for the non-megalithic series of Neolithic funerary monuments, recently re-emphasized by Piggott (1973: 34), introduces a further variable into the deductive study of burial practices. In Britain and Europe the overall distribution of monumental forms present both lacunae and a marked preponderance of cairns over earthen mounds which are in ill accord with the known or predicted...