Chapter 2: Problem 74
Describe a Variable Describe one quantitative variable that you believe will give data that are skewed to the right, and explain your reasoning. Do not use a variable that has already been discussed.
Chapter 2: Problem 74
Describe a Variable Describe one quantitative variable that you believe will give data that are skewed to the right, and explain your reasoning. Do not use a variable that has already been discussed.
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Get started for freeFor the datasets. Use technology to find the following values: (a) The mean and the standard deviation. (b) The five number summary. 25, 72, 77, 31, 80, 80, 64, 39, 75, 58, 43, 67, 54, 71, 60
Use the \(95 \%\) rule and the fact that the summary statistics come from a distribution that is symmetric and bell-shaped to find an interval that is expected to contain about \(95 \%\) of the data values. A bell-shaped distribution with mean 1000 and standard deviation 10.
The Impact of Strong Economic Growth In 2011, the Congressional Budget Office predicted that the US economy would grow by \(2.8 \%\) per year on average over the decade from 2011 to 2021 . At this rate, in 2021 , the ratio of national debt to GDP (gross domestic product) is predicted to be \(76 \%\) and the federal deficit is predicted to be \(\$ 861\) billion. Both predictions depend heavily on the growth rate. If the growth rate is \(3.3 \%\) over the same decade, for example, the predicted 2021 debt-to-GDP ratio is \(66 \%\) and the predicted 2021 deficit is \(\$ 521\) billion. If the growth rate is even stronger, at \(3.9 \%,\) the predicted 2021 debt-to-GDP ratio is \(55 \%\) and the predicted 2021 deficit is \(\$ 113\) billion. \(^{79}\) (a) There are only three individual cases given (for three different economic scenarios), and for each we are given values of three variables. What are the variables? (b) Use technology and the three cases given to find the regression line for predicting 2021 debt-toGDP ratio from the average growth rate over the decade 2011 to 2021 . (c) Interpret the slope and intercept of the line from part (b) in context. (d) What 2021 debt-to-GDP ratio does the model in part (b) predict if growth is \(2 \% ?\) If it is \(4 \%\) ? (e) Studies indicate that a country's economic growth slows if the debt-to-GDP ratio hits \(90 \%\). Using the model from part (b), at what growth rate would we expect the ratio in the US to hit \(90 \%\) in \(2021 ?\) (f) Use technology and the three cases given to find the regression line for predicting the deficit (in billions of dollars) in 2021 from the average growth rate over the decade 2011 to 2021 . (g) Interpret the slope and intercept of the line from part (f) in context. (h) What 2021 deficit does the model in part (f) predict if growth is \(2 \% ?\) If it is \(4 \% ?\) (i) The deficit in 2011 was \(\$ 1.4\) trillion. What growth rate would leave the deficit at this level in \(2021 ?\)
The Wind Map The website hint.fm/wind/ shows the current wind patterns across the US. In order to generate this map, what two variables are being recorded at weather stations across the US?
Find and interpret the z-score for the data value given. The value 8.1 in a dataset with mean 5 and standard deviation 2
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