In 2015, the website NewGeography.com listed its ranking of the best cities for job growth in the
Question:
In 2015, the website NewGeography.com listed its ranking of the best cities for job growth in the United States. The magazine’s top 20 large cities, along with their weighted job rating indices, are given in the table. The full data set contains 70 cities (newgeography.com/content/004941-largecities- rankings-2015-best-cities-job-growth).
a) Using technology and the provided data file, make a suitable display of the weighted growth indices for all 70 cities.
b) Summarize the typical growth index among these cities with a median and mean. Why do they differ?
c) Given what you know about the distribution, which of the measures in part b does the better job of summarizing the growth indices? Why?
d) Summarize the spread of the growth index distribution with a standard deviation and with an IQR.
e) Given what you know about the distribution, which of the measures in part d does the better job of summarizing the growth rates? Why?
f) Suppose we subtract from each of the preceding growth rates the average U.S. large-city growth index of 49.23%, so that we can look at how much these indices exceed the U.S. rate. How would this change the values of the summary statistics you calculated above?
g) If we were to omit Austin-Round Rock-San Marcos, TX, from the data, how would you expect the mean, median, standard deviation, and IQR to change? Explain your expectations for each.
h) Write a brief report about all of these growth indices.
Step by Step Answer:
Intro Stats
ISBN: 9780134668420
5th Edition
Authors: Richard D De Veaux, Paul F Velleman, David E Bock, Nick Horton