The table shows 2008 GSS data on family income and the subjects highest degree attained, for which
Question:
a. Estimate the difference between the lowest and highest education groups in the proportion who report (i) below average income and (ii) above average income. Interpret. Does this seem to be a practically significant, or practically insignificant, association?
b. Find and interpret the relative risk of a below-average income, comparing the lowest and highest education groups. Interpret.
Transcribed Image Text:
Family Income Highest Degree Below Average Average Above Average < High school HS, junior college College, grad school 176 429 85 98 573 426 18 165 242
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
a i 176292 0603 of those without a high school degree reported below average ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9780321755940
3rd Edition
Authors: Alan Agresti, Christine A. Franklin
Question Posted:
Students also viewed these Statistics questions
-
The table shows 2008 GSS data on race and political party identification. a. The chi-squared test of independence has X2 = 177.312. Carry out the five steps of the test, and interpret the result in...
-
The table shows 2008 GSS data on happiness and the highest degree attained. a. The chi-squared test of independence has X2 = 64.41. What conclusion would you make using a significance level of 0.05?...
-
The U. S. Census Bureau compiles data on family income and summarizes its findings in Current Population Reports. The table below is a frequency distribution of the annual incomes for a random sample...
-
Consider the following table of countries and their associated maximum production possibilities for wheat and wool below. Note that these numbers represent tonnes of output per day. Country Wheat...
-
Reconstruct journal Entries At the end of its first year of operations, Leo Company lists the following accounts and ending account balances related to stock transactions and dividends: During the...
-
During an argument as to the merits of preventive maintenance at Windsor Printer, the company owner asked, Why fix it before it breaks? How would you, as the director maintenance respond?
-
Explain the major characteristics of each of the three types of vertical marketing systems (VMSs): corporate, administered, and contractual.
-
Politan Company acquired an 80 percent interest in Soludan Company on January 1, 2010. Any portion of Soludans business fair value in excess of its corresponding book value was assigned to...
-
12/14_Final Sum Factor each completely. 1 1) 16x +36x-70 A) 2(2x-7)(4x+5) B) 2(2x+7)(4x-5) C) (4x+7)(2x-5) D) 2(4x+7)(2x+5) Simplify each expression. 2 + 2 m+3 2m+1 2 2) +3 A) LLC AIF rights 3 3) 2 20
-
Use the flowchart for Problem to answer these questions: a. What accounting document is represented by symbol A? b. What is an appropriate name for the department labeled B? c. What would be an...
-
Refer to the previous exercise and to the data in the table below from Exercise 11.1. Which has a stronger association with whether one identifies as a Democratrace or gender? Justify your answer by...
-
The table refers to a survey4 of senior high school students in Dayton, Ohio. It cross-tabulates whether a student had ever smoked cigarettes and whether a student had ever drunk alcohol. The table...
-
The survival times (in months) for two treatments for patients with severe chronic left-ventricular heart failure are given in the following tables. a. Construct separate relative frequency...
-
You have summer range in south Texas. Condition of the range is fair; however, water is well distributed. You will graze this range for 4 months (June through September). Production of key forage...
-
During the year ended December 31, 2020, Seahawk Ltd. received a government grant of $120,000 for hiring and training costs for the years ending December 31, 2020, 2021, and 2022. The grant...
-
The company currently has outstanding a bond with a 5.5 percent coupon rate and another bond with a 3.5 percent coupon rate. The firm has been informed by its investment banker that bonds of equal...
-
Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (10,200 units at $225 each) Variable...
-
What fundamental information did you find useful to research (for a commodity of your choice)? Did you use teachnical analysis? Why or why not
-
U.S. banks operate on a fractional reserve system. What does this mean? How can this cause problems for the banking system and the economy?
-
Using the parallel-axis theorem, determine the product of inertia of the area shown with respect to the centroidal x and y axes. 6 in. 9 in. 9 in- 4.5 in. in. 4.5 in.
-
Nancini manufactures embroidered jackets. The company prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a jacket is based on static...
-
If 25 people are randomly selected, find the probability that no 2 of them have the same birthday. Ignore leap years.
-
If 25 people are randomly selected, find the probability that no 2 of them have the same birthday. Ignore leap years.
-
Subjective Probability a. Estimate the probability that on the next test in a randomly selected statistics class, at least one student earns a grade of A. b. Answer part (a) with the additional...
-
Briefly discuss the concept of persuasiveness as it relates to the development of modern internal audit programs.
-
1. MP.06.01 Instructions Chart of Accounts Labels and Amount Descriptions General Journal Income Statement Statement of Owner's Equity Balance Sheet Instructions Elizabeth Soltis owns and operates...
-
Bowers Corporation Comparative Balance Sheets December 31, 20x2 and 20x1 ($ in thousands) 20x2 20x1 Assets Cash +A 84 $ 50 Accounts receivable 91 95 Short-term investment 39 16 Land Inventory...
Study smarter with the SolutionInn App