/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 8 Retirement Age From time to time... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

Retirement Age From time to time, The Telegraph takes random samples from the UK population. One such survey is the Old Age Pension Survey. The most recent such survey, based on a large (several thousand) sample of randomly selected citizens, estimates the mean retirement age in the United Kingdom to be \(64.7\) years. Suppose we were to make a histogram of all of the retirement ages from this sample. Would the histogram be a display of the population distribution, the distribution of a sample, or the sampling distribution of means?

Short Answer

Expert verified
The histogram is a display of a sample distribution.

Step by step solution

01

Understand Population Distribution

A population distribution involves all members of a certain group (e.g., all UK citizens). Whenever statistics are collected from the entire group, the histogram is a representation of a population distribution.
02

Understand Sample Distribution

A sample distribution involves certain participants from the group of interest. If a histogram is based on samples picked from the larger group, for instance a subset of UK citizens, then it's displaying a sample distribution.
03

Understand Sampling Distribution of Means

The sampling distribution of means involves a distribution of means calculated from small portions of the larger population. This distribution is created by taking many random samples from the population, calculating the mean for each, and then creating a histogram of these means.
04

Identification

Looking at the information provided from the given exercise, the histogram is developed from a big 'sample' of several thousand randomly selected UK citizens. Therefore, it's a representation of a sample distribution. Not of population distribution since it doesn’t include the retirement age of all UK citizens.“

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Population Distribution
Population distribution is a concept that describes how data is spread across an entire group or population. Imagine you have data on every single individual within the UK, like retirement ages for every citizen. This complete set represents the population distribution. When you have access to data that includes every member of a population, any visual representation, such as a histogram, is termed a population distribution. It paints a picture of how frequently different ages occur within the set. In practice, gathering data on the entire population is often not possible due to constraints such as time, cost, and logistics. That's why statisticians often work with samples instead. But if you had such complete data, the histogram would give you a perfect summary of the population's characteristics.
Sample Distribution
A sample distribution, on the other hand, involves the collection of data from a subset of the larger population. For instance, if the UK government wants to understand retirement trends without consulting every citizen, they might select a few thousand people instead. This subset is known as a sample. When data is collected from these individuals and represented in a histogram, what you see is a sample distribution. Sample distributions are crucial because they allow researchers to make inferences or educated guesses about the overall population. From the retirement age example, the histogram created from several thousand UK citizens is indeed a sample distribution. It helps to understand patterns and trends without needing to gather information from everyone.
Histogram Analysis
Histogram analysis involves examining the visual representation of data to understand its distribution. A histogram displays the frequency of data within certain intervals, or 'bins', making it easier to see where data values concentrate or spread. Key aspects of histogram analysis include:
  • Understanding shape: Check if the distribution is symmetrical, skewed, or has any peaks.
  • Central tendency: Identify where most data points cluster, which might reflect the mean or mode.
  • Spread: Look for how data diverges from the center, offering insights into variability.
  • Outliers: Pay attention to unusual or extreme values.
A well-analyzed histogram can reveal much about the sample, indicating trends and inconsistencies in the data. It’s a powerful tool in making predictions or forming conclusions from the sampled data.

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Most popular questions from this chapter

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