asmt2_summer - UNIVERSITY OF VICTORIA Economics 246:...

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UNIVERSITY OF VICTORIA July 22, 2011 Economics 246: Statistical Inference Summer 2011 Assignment #2 Due: Friday, 29 th of July, 2011, 12 noon. (In the box marked “Econ 246" near the Economics Department Office. Hand in your EViews. Question 1 :(8 marks) Refer to data below for ‘Census information on Income tax returns and average income for the ‘Greater Vancouver Area 2008.’ This is a population of values. Assume the data for average income has a standard deviation of 16,059.10137 and is normally distributed. A) Take a random sample of size 10 from the population using Eviews’ random number operator function. Determine the mean, standard deviation and range of the sample. Everyone’s answer should be different. (4 marks) The population variance is 257894736.8. 2008 # of returns average income Langley (C & DM) 97,430 43,019 Surrey 326,530 37,240 White Rock 17,170 51,950 Delta 77,760 45,254 Richmond 157,520 33,484 Vancouver 488,050 45,343 Burnaby 175,340 35,801 New Westminster 49,930 38,455 Coquitlam 93,570 38,613 Belcarra 540 85,848 Anmore 1,420 75,040 Port Coquitlam 42,060 40,051 Port Moody 23,750 48,490 North Vancouver (C & DM) 102,550 52,026 West Vancouver 35,510 88,686 Bowen Island 2,540 52,640 Lions Bay
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asmt2_summer - UNIVERSITY OF VICTORIA Economics 246:...

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