A researcher wanted to determine if the distribution of educational attainment of Americans today is different from
Question:
A researcher wanted to determine if the distribution of educational attainment of Americans today is different from the distribution in 2000. The distribution of educational attainment in 2000 was as follows:
Education Relative Frequency
Not a high school graduate .................................. 0.158
High school graduate ............................................ 0.331
Some college .......................................................... 0.176
Associate’s degree ................................................. 0.078
Bachelor’s degree .................................................. 0.170
Advanced degree ................................................... 0.087
The researcher randomly selects 500 Americans, learns their levels of education, and obtains the data shown in the table. Do the data suggest that the distribution of educational attainment has changed since 2000? Use the a = 0.1 level of significance.
Education Frequency
Not a high school graduate .................................. 72
High school graduate ............................................ 159
Some college .......................................................... 85
Associate’s degree ................................................. 44
Bachelor’s degree .................................................. 92
Advanced degree .................................................. 48
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics Informed Decisions Using Data
ISBN: 9780321757272
4th Edition
Authors: Michael Sullivan III