Question
Wk4D -Prob & Stats - 2 questions Please help with the two questions below. These are discussion questions so I do not need lengthy answers
Wk4D -Prob & Stats - 2 questions
Please help with the two questions below. These are discussion questions so I do not need lengthy answers - just a paragraph or so will suffice.
Please no plagiarism or asking me to visit your page or asking for more money or saying you will answer it later. Either answer the question - or don't.
1. Recently, the progressives of a particular country have complained that governmental policies have favored the rich, making a small percentage of citizens much richer, while leaving the rest of the citizens either unaffected or even slightly poorer. Data are available giving the mean and median incomes of all citizens prior to and after the current governmental policies were initiated. If the progressives are correct, how might one use these data to support their assertion? Explain.
2. Suppose you randomly took 10000 samples, each of size N, from a population of scores and computed the mean, median, and mode of each sample. Next, you computed the variance of the 10000 mean values, the 10000 median values, and the 10000 mode values. If you rank ordered the resulting three variances, what order would you expect? What property of the mean and median did you use in answering this question?
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