What major differences exist between plots for three years

Assignment Help Basic Statistics
Reference no: EM131017868

The following table presents the homeownership rates, in percentages, by state for the years 1985, 1996 and 2002. These values represent the proportion of homes owned by the occupant to the total number of occupied homes.

State

1985

1996

2002

State

1985

1996

2002

Alabama

70.4

71.0

73.5

Montana

66.5

68.6

693

Alaska

61.2

62.9

67.3

Nebraska

685

66.8

68.4

Arizona

64.7

62.0

65.9

Nevada

57.0

61.1

65.5

Arkansas

66.6

66.6

70.2

New Hampshire

65.5

65.0

69.5

California

54.2

55.0

58.0

New Jersey

623

64.6

67.2

Colorado

63.6

64.5

69.1

New Mexico

68.2

67.1

70.3

Connecticut

69.0

69.0

71.6

New York

50.3

52.7

55.0

Delaware

70.3

715

75.6

North Carolina

68.0

70.4

70.0

Dist. of Columbia

37.4

40.4

44.1

North Dakota

69.9

68.2

695

Florida

67.2

67.1

68.7

Ohio

67.9

692

72.0

Georgia

62.7

69.3

71.7

Oklahoma

705

68.4

69.4

Hawaii

51.0

50.6

57.4

Oregon

61.5

63.1

66.2

Idaho

71.0

71.4

73.0

Pennsylvania

71.6

71.7

74.0

Illinois

60.6

68.2

70.2

Rhode Island

61.4

56.6

59.6

Indiana

67.6

74.2

75.0

South Carolina

72.0

72.9

77.3

Iowa

69.9

72.8

73.9

South Dakota

67.6

67.8

71.5

Kansas

68.3

67.5

702

Tennessee

67.6

68.8

70.1

Kentucky

683

73.2

73.5

Texas

603

61.8

63.8

Louisiana

70.2

64.9

67.1

Utah

713

72.7

72.7

Maine

73.7

76.5

73.9

Vermont

69.5

703

70.2

Maryland

65.6

66.9

72.0

Virginia

683

68.5

743

Massachusetts

60.5

61.7

62.7

Washington

66.8

63.1

67.0

Michigan

70.7

73.3

76.0

West Virginia

75.9

74.3

77.0

Minnesota

70.0

75.4

77.3

Wisconsin

63.8

68.2

72.0

Mississippi

69.6

73.0

74.8

Wyoming

731

68.0

72.8

Missouri

69.2

70.2

74.6

 

 

 

 

a. Construct a relative frequency histogram plot for the homeownership data given in the table for the years 1985, 1996, and 2002.

b. What major differences exist between the plots for the three years?

c. Why do you think the plots have changed over these 17 years?

d. How could Congress use the information in these plots for writing tax laws that allow major tax deductions for homeownership?

Reference no: EM131017868

Questions Cloud

What is the equation for nick budget line : Nick earns $20,000 every year, and he spends his money on golf (g) and water-skiing (w). The price of playing golf and water-skiing are $100 and $200, respectively. Given this information, what is the equation for Nick's budget line? Graph it with..
Why is the irr a popular alternative to the npv : Explain the NPV rule and provide an example. How is the IRR related to the NPV analysis and why is the IRR a popular alternative to the NPV?
Why these symbols are important : How they can help accounting information systems to be better understood
Record the events under an accounting equation : Record the events under an accounting equation. After all events have been recorded, Jones's obligations to creditors represent what percent of total assets?
What major differences exist between plots for three years : Construct a relative frequency histogram plot for the homeownership data given in the table for the years 1985, 1996, and 2002. What major differences exist between the plots for the three years?
Difference in a firm commitment to ethics : In what ways do individuals make a difference in a firm's commitment to ethics? Describe the three stages in which an individual develops ethical standards.
Consider the broad shifts in marketing : Consider the broad shifts in marketing. Are there any themes that emerge from these shifts? Can they be related to the major societal forces?
Industry environment the firm operates : Write a two-page essay (A4, 12pt Times New Roman, double-spaced), reflecting on the impact of globalization on any chosen firm The following topics should be covered in the essay:
Explain the nature and functions of auditing : Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB), will have on audits of publicly traded companies.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Case study - annenberg public policy center

The information provided here is not detailed enough for a formal report, but assume that you are making an informal report in a preliminary stage of the reporting process. Which of these findings do you want to emphasize as your main points? Why?

  The time needed to complete a final examination in a

the time needed to complete a final examination in a particular college course is normally distributed with a mean of

  Evaluate the value of the correlation coefficient

Correlation between the two variables - Evaluate the value of the correlation coefficient.

  1at what age do babies learn to crawl does it take longer

1.at what age do babies learn to crawl? does it take longer to learn in the winter when babies are often bundled in

  Find the range and standard deviation

A machine that fills quart orange juice bottles is set to fill them with 32.1 oz. If the actual contents of the cartons vary normally, with a standard deviation of .1 oz, what percent of the cartons contain less than a quart (32 oz).

  Using the normal approximation to the binomial

If x is a binomial random variable where n = 100 and p = .1, find the possibility that x is less than or equal to 10 using the normal approximation to the binomial.

  Determine the significance level of the sample

1. Restate the question as a research hypothesis and a null hypothesis about the population. 2. Set your significance level at .05 3. Determine the significance level of the sample's ANOVA, which "Sig." identifies exactly.

  A semiconductor company wants to estimate the fraction of

a semiconductor company wants to estimate the fraction of defective computer chips it produces. suppose that a random

  The probability that a new advertising campaign will

the probability that a new advertising campaign will increase sales is assessed as being 0.80. the probability that the

  The acceptancce rate for applications

Two Psychology majors, in 2 different section of Clinical Psychology, were comparing test scores. The follwing gives the students

  A nutritionist thinks the average person with an income

question a nutritionist thinks the average person with an income below the poverty level gets less than the recommended

  Test the claim of a cereal lobbyist

Use a 0.05 significance level to test the claim of a cereal lobbyist that the mean for all cereals is less than 0.3g.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd