ESL103 Unequal distribution of wealth in the Dominican Republic. The Dominican Republic is a country located in the Caribbean. It has a population about nine million of people. It is a country with a natural wealth but also with economic wealth which is affected by the unequal distribution. The Dominican Republic has three economic classes literally; high class‚ middle class‚ and lower class. Of the
Premium Wealth Working class Distribution of wealth
The T-Distribution and T-Test “In probability and statistics‚ Student ’s t-distribution (or simply the t-distribution) is a continuous probability distribution that arises when estimating the mean of a normally distributed population in situations where the sample size is small” (Narasimhan ‚ 1996). Similar to the normal distribution‚ the t-distribution is symmetric and bell-shaped‚ but has heavier tails‚ meaning that it is more likely to produce values far from its mean. This makes the t-distribution
Premium Statistics Normal distribution Statistical hypothesis testing
FOREIGN TRADE UNIVERSITY Faculty of Economics and International Business Topic: Determinants of Income Distribution Inequality in Vietnam Group 5B: Lê Thị Hồng Hạnh Lê Huy Hoàng Đỗ Trung Kiên Mai Diệu Ly Đặng Thị Thúy Vân Lecturer : Nguyễn Thị Hải Yến TABLE OF CONTENT INTRODUCTION 1 1. Literature review of determinants of income inequality 2 2. Income distribution inequality in Vietnam 7 2.1. Situation .. 7 2.1.1. Gini index 8 2.1.2. Income by quintile
Premium Economic inequality Income Gini coefficient
Tutorial on Discrete Probability Distributions Tutorial on discrete probability distributions with examples and detailed solutions. ------------------------------------------------- Top of Form | Web | www.analyzemath.com | | Bottom of Form | | Let X be a random variable that takes the numerical values X1‚ X2‚ ...‚ Xn with probablities p(X1)‚ p(X2)‚ ...‚ p(Xn) respectively. A discrete probability distribution consists of the values of the random variable X and their corresponding
Premium Random variable
April 2013. SPECIAL DISTRIBUTIONS I. Concept of probability (3%) 1. Explain why the distribution B(n‚p) can be approximated by Poisson distribution with parameter if n tends to infinity‚ p 0‚ and = np can be considered constant. 2. Show that – and + are the turning points in the graph of the p.d.f. of normal distribution with mean and standard deviation . 3. What is the relationship between exponential distribution and Poisson distribution? II. Computation
Premium Normal distribution Probability theory Poisson distribution
Inequality refers to the way socially defined groups of individuals are positioned within their society as gender‚ class‚ age and ethnicity. This also involves the unequal distribution of social goods and services such as the labour market‚ health care and education (Chenoweth & McAuliffe 2012). Inequality can have many negative effects on the community and the way we live in our society. Donnison (2013) examines inequality in Britain and the damages most people will experience during their course
Premium Economic inequality United States Sociology
Exercise Chapter 3 Probability Distributions 1. Based on recent records‚ the manager of a car painting center has determined the following probability distribution for the number of customers per day. Suppose the center has the capacity to serve two customers per day. |x |P(X = x) | |0 |0.05 | |1 |0.20 | |2 |0.30 | |3 |0.25 | |4 |0.15 | |5 |0.05 | a. What is the probability
Premium Random variable Normal distribution Arithmetic mean
INTRODUCTION The subject of economic growth and equitable distribution of income of any country is an economically important one. The fulfillment of economic development in each country is based on achieving two goals‚ including fairly rapid economic growth and income distribution in society. More growth and better distribution is not possible at the same time-some economist argued. So it needs to make trade-off. The issue of growth and income distribution is very much concerns to the economist and it is
Premium Economic inequality Economics Gini coefficient
award: 8.33 out of 16.66 points For the following questions‚ would you collect information using a sample or a population? | (a) | To calculate the percentage of car owners in New York City | | | | Population | (b) | To know how many different private airlines provide service in the United States | | | | Sample | (c) | To estimate weekly earnings of computer programmers in United States | | | | Sample | (d) | To find the marks of a class
Premium Frequency distribution Decimal Roman numerals
Examining Stock Returns for Normal Distributions July11‚ 2012 Part A. A1 (CRSP 2000-2008) | VW Daily | EW Daily | VW Monthly | EW Monthly | Mean | 0.00% | 0.05% | -0.12% | 0.50% | σ | 1.35% | 1.12% | 4.66% | 6.14% | Table A1 shows return means and standard deviations for the CRSP market portfolio from 2000-2008. In comparing daily vs monthly returns in both cases‚ equally weighted (EW) and value weighted (VW)‚ Table A1 shows the mean and standard deviation are
Premium Normal distribution Standard deviation Dow Jones Industrial Average