Ask Microeconomics Expert

U.S. Census data for San Luis Obispo County, California, were used to construct the following frequency distribution for commute time (in minutes) of working adults (the given frequencies were read from a graph that appeared in the San Luis Obispo Tribune [September 1, 2002] and so are only approximate):

Time                 Frequency    

0 to 5

5,200

5 to 10

18,200

10 to 15

19,600

15 to 20

15,400

20 to 25

13,800

25 to 30

5,700

30 to 35                10,200

35 to 40                  2,000

40 to 45                  2,000

45 to 60                  4,000

60 to 90                  2,100

90 to 120                2,200

a. Notice that not all intervals in the frequency distribution are equal in width. Why do you think that unequal width intervals were used?

b. Construct a table that adds a relative frequency and a density column to the given frequency distribution (see Example 3.17).

c. Use the densities computed in Part (b) to construct a histogram for this data set. (Note: The newspaper displayed an incorrectly drawn histogram based on frequencies rather than densities!) Write a few sentences commenting on the important features of the histogram.

d. Compute the cumulative relative frequencies, and construct a cumulative relative frequency plot.

e. Use the cumulative relative frequency plot constructed in Part (d) to answer the following questions.

i. Approximately what proportion of commute times were less than 50 minutes?

ii. Approximately what proportion of commute times were greater than 22 minutes?

iii. What is the approximate commute time value that separates the shortest 50% of commute times from the longest 50%?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91724029

Have any Question?


Related Questions in Microeconomics

Question show the market for cigarettes in equilibrium

Question: Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking in public. Label the equilibrium private market price and quantity as Pm and Qm. Add whatever is needed to the mode ...

Question recycling is a relatively inexpensive solution to

Question: Recycling is a relatively inexpensive solution to much of the environmental contamination from plastics, glass, and other waste materials. Is it a sound policy to make it mandatory for everybody to recycle? The ...

Question consider two ways of protecting elephants from

Question: Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all ...

Question suppose you want to put a dollar value on the

Question: Suppose you want to put a dollar value on the external costs of carbon emissions from a power plant. What information or data would you obtain to measure the external [not social] cost? The response must be typ ...

Question in the tradeoff between economic output and

Question: In the tradeoff between economic output and environmental protection, what do the combinations on the protection possibility curve represent? The response must be typed, single spaced, must be in times new roma ...

Question consider the case of global environmental problems

Question: Consider the case of global environmental problems that spill across international borders as a prisoner's dilemma of the sort studied in Monopolistic Competition and Oligopoly. Say that there are two countries ...

Question consider two approaches to reducing emissions of

Question: Consider two approaches to reducing emissions of CO2 into the environment from manufacturing industries in the United States. In the first approach, the U.S. government makes it a policy to use only predetermin ...

Question the state of colorado requires oil and gas

Question: The state of Colorado requires oil and gas companies who use fracking techniques to return the land to its original condition after the oil and gas extractions. Table 12.9 shows the total cost and total benefit ...

Question suppose a city releases 16 million gallons of raw

Question: Suppose a city releases 16 million gallons of raw sewage into a nearby lake. Table shows the total costs of cleaning up the sewage to different levels, together with the total benefits of doing so. (Benefits in ...

Question four firms called elm maple oak and cherry produce

Question: Four firms called Elm, Maple, Oak, and Cherry, produce wooden chairs. However, they also produce a great deal of garbage (a mixture of glue, varnish, sandpaper, and wood scraps). The first row of Table 12.6 sho ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As