Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

20.21 Household size. The Census Bureau gives this distribution for the number of people in American households in 2016: Family size: 1 2 3 4

image text in transcribed
image text in transcribed
20.21 Household size. The Census Bureau gives this distribution for the number of people in American households in 2016: Family size: 1 2 3 4 5 6 7 Proportion: 0.28 0.35 0.15 0.13 0.06 0.02 0.01 (Note: In this table, 7 actually represents households of size 7 or greater. But for purposes of this exercise, assume that it means only households of size exactly 7.) a. This is also the probability distribution for the size of a randomly chosen household. The expected value of this distribution is the average number of people in a household. What is this expected value? b. Suppose you take a random sample of 1000 American households. About how many of these households will be of size 2? Sizes 3 to 7? c. Based on your calculations in part (b) , how many people are represented in your sample of 1000 households? (Hint: The number of individuals in your sample who live in households of size 7 is 7 times the number of households of size 7. Repeat this reasoning to determine the number of individuals in households of sizes 2 to 6. Add the results to get the total number of people represented in your sample.) d. Calculate the probability distribution for the household size lived in by individual people. Describe the shape of this distribution. What does this shape tell you about household structure

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Geometry, Its Elements And Structure

Authors: Alfred S Posamentier, Robert L Bannister

2nd Edition

0486782166, 9780486782164

More Books

Students also viewed these Mathematics questions

Question

What factors affecting ROI does the DuPont method highlight? lop5

Answered: 1 week ago

Question

Describe Economic Value Added. lop5

Answered: 1 week ago