Question

You are given a dataset that contains the income of every household by county (3,142) and state (50) in the US. Suppose that you want to compute the average income per person in the US. To do so, you decided to take the mean of the per capita incomes across the 3,142 counties in the data set. What would be a better approach?

Name: you are given a dataset that contains the income of every household by county 3142 and state 50 in the us suppose that you want to compute the average income per person in the us to do so yo 70565
Uploaded: 2022-06-14T10:02:24-08:00
Duration: 2 min 29 s
Channel: Sri K
Description: you are given a dataset that contains the income of every household by county 3142 and state 50 in the us suppose that you want to compute the average income per person in the us to do so yo 70565

          You are given a dataset that contains the income of every household by county (3,142) and state (50) in the US. Suppose that you want to compute the average income per person in the US.  To do so, you decided to take the mean of the per capita incomes across the 3,142 counties in the data set. What would be a better approach?

Added by Jacob G.

Elementary Statistics a Step by Step Approach

Allan G. Bluman 9th Edition

Instant Answer

Solved by Expert Sri K

06/14/2022

Step 1

Step 1: Recognize that taking the simple mean of per capita incomes across counties gives equal weight to each county, regardless of population size, which can bias the overall average. Show more…

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You are given a dataset that contains the income of every household by county (3,142) and state (50) in the US. Suppose that you want to compute the average income per person in the US. To do so, you decided to take the mean of the per capita incomes across the 3,142 counties in the data set. What would be a better approach?