Here are data on the number of U.S. households (in millions) of different sizes in 2000: a.
Question:
Here are data on the number of U.S. households (in millions) of different sizes in 2000:
a. Looking at the 116 million households, ordered by size, what is the size of the median household?
b. Looking at all 291 million individuals, ordered by the size of the household in which they live, what is the size of the household that the median individual lives in?
c. Pomona College reports its average class size as 14 students. However, a survey that asked Pomona College students the size of the classes they were enrolled in found that the average class size was 38 students and that 70 percent of the respondents’ classes had more than 14 students. Use the insights gained in the first two parts of this exercise to explain this disparity.
Step by Step Answer:
Essential Statistics Regression And Econometrics
ISBN: 9780123822215
1st Edition
Authors: Gary Smith