The International Property Right Index scores countries based on the legal and political environment and how well property right
s are protected. Go online and find a recent ranking. Choose three countries with high scores and three countries with low scores. Then find estimates of GDP per person in each of these six countries. What pattern do you find? Give two possible interpretations of the patterr.
1 answer:
Answer:
1.New Zealand
2.Finland
3.Sweden
4 Switzerland
5.Norway
6.Luxemburg
Three countries with highest score are
New zealand, Finland and Sweden
Lowest are Yemen, Bangladesh and Moldova
Explanation:
The interpretation are:-
1. The slow and steady property rights tends to be unabated.
The average reached around 5.6%.
2. Countries like Ethopia and Africa had made certain overall improvements. Eastern Europe and Central Asia were the only places to see net reduction.
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Answer:
So then the best answer for this case would be:
a. 13.6 minutes
Explanation:
For this case we have the following data for the response rates:
17,12,9,16,14
And we want to calculate the mean response time for 911 calls in this village.
And for this case we use we can use the definition of sample mean given by:
Where n = 5 represent the sample size for this case. If we replace we got:
So then the best answer for this case would be:
a. 13.6 minutes
The sample mean is an estimator unbiased of the population mean because:
For this reason is a good statistic if we want to see central tendency in a group of values.