Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2.12. To estimate the average income per household (_oy./N) for a population of N = 200 households, a listing of the 600 persons that belong

image text in transcribed
2.12. To estimate the average income per household (_oy./N) for a population of N = 200 households, a listing of the 600 persons that belong to the 200 house- holds was used as follows. An SIR sample of size m = 10 persons was drawn. The households of the selected persons were identified, and information on average household income, yx/xx, was collected, where y, is the total household income in dollars, and x, is the number of persons in the household. The results are as follows: Draw Average household income (yx,/Xx,) 7,000 8,000 6,000 5,000 9,000 36 0 - a UAWNE 4,000 7,000 8,000 4,000 2,000 Compute an estimate of the average income per household based on the pwr estimator as well as the corresponding cue

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_2

Step: 3

blur-text-image_3

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

Principles of Auditing and Other Assurance Services

Authors: Ray Whittington, Kurt Pany

19th edition

978-0077804770, 78025613, 77804775, 978-0078025617

More Books

Students also viewed these Mathematics questions

Question

600 lb 20 0.5 ft 30 30 5 ft

Answered: 1 week ago

Question

Which approach is least fitting for the job? Explain.

Answered: 1 week ago

Question

How is the compensation for sales representatives determined?

Answered: 1 week ago