02 STAT descriptive statistics 1-IC Q5

02 STAT descriptive statistics 1-IC Q5 - Dr. V.R....

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Dr. V.R. Bencivenga Economic Statistics Economics 329 DESCRIPTIVE STATISTICS 1 INDEX CARD Q 5 You are doing field work in India. You go into rural villages and you interview a large number of families who are farmers. For each family, you record the following information: Y = annual family income (in rupees) C = number of children L = whether or not the male adult is literate F = the amount of land the family farms (in hectares) B = whether or the family has a bank account a. Say whether each variable is discrete, continuous, or approximately continuous (and briefly explain why). b. The distributions of Y and F are very skewed (positively). The distribution of C is slightly positively skewed, but not very much. All three distributions are unimodal. For C and F, say which measure of central tendency you think is most appropriate, and give your reason. For Y, give the ranking of the mean, median, and mode.
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2 c. Here are values of the sample mean and sample standard deviation for Y, C,
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02 STAT descriptive statistics 1-IC Q5 - Dr. V.R....

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