Explain two failures of economic planing in india ?

1 answer:

6 0

Price level rose on average by 63 percent in second plan, 5.8% in third plan, 9% in fourth plan, 6.3% in fifth plan, 3.6 percent in Ninth plan and 4% in 2004-05. Furthermore, the plan witnessed only increase in inequality. Rich Class becomes richer and poor class poorer. This inequality is found not only in industrial sector but in agriculture sector also. According to one estimate, 3 percent of household own roughly 50 percent of cultivable land. Hope this helps and if your feeling generous, leave a rate, thanks, and brainliest. ;)

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Answer: (11.95, 14.11)

Explanation:

Let x be a random variable that represent the number of years of education.

Given: Sample size : n= 26

Sample mean : $\overline{x}=13.03$

Sample standard deviation : s = 3.22

Significance level : $\alpha=100\%-90\%=10\%=0.1$

Degree of freedom: df = n-1 = 25

Critical t-value for $\alpha=0.1$ and df = 25 will be

$t_{\alpha/2, df}=t_{0.05,25}=1.7081$

90% confidence interval for mean:

$\overline{x}\pm t_{\alpha/2,df}\dfrac{s}{\sqrt{n}}\\\\=13.03\pm (1.7081)\dfrac{3.22}{\sqrt{26}}\\\\=13.03\pm (1.7081)\dfrac{3.22}{5.09902}\\\\=13.03\pm 1.08\\\\=(13.03-1.08,\ 13.03+1.08)\\\\ =(11.95,\ 14.11)$