20.21 Household size. The Census Bureau gives this distribution for the number of people in...
60.1K
Verified Solution
Question
Accounting
20.21 Household size. The Census Bureau gives this distribution for the number of people in American households in 2016: (Note: In this table, 7 actually represents households of size 7 or greater. But for purposes of this exercise, assume that it means only households of size exactly 7.) a. This is also the probability distribution for the size of a randomly chosen household. The expected value of this distribution is the average number of people in a household. What is this expected value? b. Suppose you take a random sample of 1000 American households. About how many of these households will be of size 2? Sizes 3 to 7 ? c. Based on your calculations in part (b), how many people are represented in your sample of 1000 households? (Hint: The number of individuals in your sample who live in households of size 7 is 7 times the number of households of size 7. Repeat this reasoning to determine the number of individuals in households of sizes2 to 6 . Add the results to get the total number of people represented in your sample.)

Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.