Question
CROWN HEIGHTS, EAST NEW YORK PROSPECT HEIGHTS / FLATBUSH BED-STUY / BUSHWICK INCOME Count % Count % Count % LESS THAN $15,000 45 19.7% 5
| CROWN HEIGHTS, EAST NEW YORK | PROSPECT HEIGHTS / FLATBUSH | BED-STUY / BUSHWICK | |||
INCOME | Count | % | Count | % | Count | % |
LESS THAN $15,000 | 45 | 19.7% | 5 | 7.8% | 11 | 8.3% |
$15,000 - $24,999 | 69 | 30.1% | 25 | 39.1% | 38 | 28.6% |
$25,000 - $34,999 | 64 | 27.9% | 18 | 28.1% | 40 | 30.1% |
$35,000 - $44,999 | 27 | 11.8% | 6 | 9.4% | 21 | 15.8% |
$45,000 OR MORE | 24 | 10.5% | 10 | 15.6% | 23 | 17.3% |
You must create a new table in MS-Excel to calculate the Midpoints of the Income ranges and calculate the Estimated Weighted Average Income for each of the neighborhoods before you can make a valid decision.
For each of the neighborhoods, establish a 98% Confidence Interval to estimate the mean income.
Do you observe any overlaps in the estimated mean incomes between any two neighborhoods?
What do you think is the interpretation of the overlaps of the Confidence Intervals?
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