<< Chapter < Page Chapter >> Page >
In this lab exercise, students will compare and contrast empirical data from a random number generator with the Uniform Distribution.

Class Time:

Names:

Student learning outcomes:

  • The student will compare and contrast empirical data from a random number generator with the Uniform Distribution.

Collect the data

Use a random number generator to generate 50 values between 0 and 1 (inclusive). List them below. Round the numbers to 4 decimal places or set the calculator MODE to 4 places.

  1. Complete the table:
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
    __________ __________ __________ __________ __________
  2. Calculate the following:
    • x ¯ = size 12{ {overline {x}} ={}} {}
    • s = size 12{s={}} {}
    • 1st quartile =
    • 3rd quartile =
    • Median =

Organize the data

  1. Construct a histogram of the empirical data. Make 8 bars.
    Blank graph with relative frequency on the vertical axis and X on the horizontal axis.
  2. Construct a histogram of the empirical data. Make 5 bars.
    Blank graph with relative frequency on the vertical axis and X on the horizontal axis.

Describe the data

  1. Describe the shape of each graph. Use 2 – 3 complete sentences. (Keep it simple. Does the graph go straight across, does it have a V shape, does it have a hump in the middle or at either end,etc.? One way to help you determine a shape, is to roughly draw a smooth curve through the top of the bars.)
  2. Describe how changing the number of bars might change the shape.

Theoretical distribution

  1. In words, X =
  2. The theoretical distribution of X is X ~ U ( 0 , 1 ) . Use it for this part.
  3. In theory, based upon the distribution X ~ U ( 0 , 1 ) , complete the following.
    • μ =
    • σ =
    • 1st quartile =
    • 3rd quartile =
    • median = __________
  4. Are the empirical values (the data) in the section titled "Collect the Data" close to the corresponding theoretical values above? Why or why not?

Plot the data

  1. Construct a box plot of the data. Be sure to use a ruler to scale accurately and draw straight edges.
  2. Do you notice any potential outliers? If so, which values are they? Either way, numerically justify your answer. (Recall that any DATA are less than Q1 – 1.5*IQR or more than Q3 +1.5*IQR are potential outliers. IQR means interquartile range.)

Compare the data

  1. For each part below, use a complete sentence to comment on how the value obtained from the data compares to the theoretical value you expected from the distribution in the section titled "Theoretical Distribution."
    • minimum value:
    • 1st quartile:
    • median:
    • third quartile:
    • maximum value:
    • width of IQR:
    • overall shape:
  2. Based on your comments in the section titled "Collect the Data", how does the box plot fit or not fit what you would expect of the distribution in the section titled "Theoretical Distribution?"

Discussion question

  1. Suppose that the number of values generated was 500, not 50. How would that affect what you would expect the empirical data to be and the shape of its graph to look like?

Questions & Answers

it is the relatively stable flow of income
Chidubem Reply
what is circular flow of income
Divine Reply
branches of macroeconomics
SHEDRACK Reply
what is Flexible exchang rate?
poudel Reply
is gdp a reliable measurement of wealth
Atega Reply
introduction to econometrics
Husseini Reply
Hi
mostafa
hi
LEMLEM
hello
Sammol
hi
Mahesh
bi
Ruqayat
hi
Ruqayat
Hi fellas
Nyawa
hey
Sammol
hi
God
hello
Jahara
Good morning
Jorge
hi
abubakar
hi
Nmesoma
hi
Mahesh
Hi
Tom
Why is unemployment rate never zero at full employment?
Priyanka Reply
bcoz of existence of frictional unemployment in our economy.
Umashankar
what is flexible exchang rate?
poudel
due to existence of the pple with disabilities
Abdulraufu
the demand of a good rises, causing the demand for another good to fall
Rushawn Reply
is it possible to leave every good at the same level
Joseph
I don't think so. because check it, if the demand for chicken increases, people will no longer consume fish like they used to causing a fall in the demand for fish
Anuolu
is not really possible to let the value of a goods to be same at the same time.....
Salome
Suppose the inflation rate is 6%, does it mean that all the goods you purchase will cost 6% more than previous year? Provide with reasoning.
Geetha Reply
Not necessarily. To measure the inflation rate economists normally use an averaged price index of a basket of certain goods. So if you purchase goods included in the basket, you will notice that you pay 6% more, otherwise not necessarily.
Waeth
discus major problems of macroeconomics
Alii Reply
what is the problem of macroeconomics
Yoal
Economic growth Stable prices and low unemployment
Ephraim
explain inflationcause and itis degre
Miresa Reply
what is inflation
Getu
increase in general price levels
WEETO
Good day How do I calculate this question: C= 100+5yd G= 2000 T= 2000 I(planned)=200. Suppose the actual output is 3000. What is the level of planned expenditures at this level of output?
Chisomo Reply
how to calculate actual output?
Chisomo
how to calculate the equilibrium income
Beshir
Criteria for determining money supply
Thapase Reply
who we can define macroeconomics in one line
Muhammad
Aggregate demand
Mohammed
C=k100 +9y and i=k50.calculate the equilibrium level of output
Mercy Reply
Hi
Isiaka
Hi
Geli
hy
Man
👋
Bahunda
hy how are you?
Man
ys
Amisha
how are you guys
Sekou
f9 guys
Amisha
how are you guys
Sekou
ys am also fine
Amisha
fine and you guys
Geli
from Nepal
Amisha
nawalparasi district from belatari
Amisha
nd u
Amisha
I am Camara from Guinea west Africa... happy to meet you guys here
Sekou
ma management ho
Amisha
ahile becheclor ho
Amisha
hjr ktm bta ho ani k kaam grnu hunxa tw
Amisha
belatari
Amisha
1st year ho
Amisha
nd u
Amisha
ahh
Amisha
kaha biratnagar
Amisha
ys
Amisha
kina k vo
Amisha
money as unit of account means what?
Kalombe
A unit of account is something that can be used to value goods and services and make calculations
Jim
all of you please speak in English I can't understand you're language
Muhammad
I want to know how can we define macroeconomics in one line
Muhammad
it must be .9 or 0.9 no Mpc is greater than 1 Y=100+.9Y+50 Y-.9Y=150 0.1Y/0.1=150/0.1 Y=1500
Kalombe
Mercy is it clear?😋
Kalombe
hi can someone help me on this question If a negative shocks shifts the IS curve to the left, what type of policy do you suggest so as to stabilize the level of output? discuss your answer using appropriate graph.
Galge Reply
if interest rate is increased this will will reduce the level of income shifting the curve to the left ◀️
Kalombe
Got questions? Join the online conversation and get instant answers!
Jobilize.com Reply

Get Jobilize Job Search Mobile App in your pocket Now!

Get it on Google Play Download on the App Store Now




Source:  OpenStax, Collaborative statistics. OpenStax CNX. Jul 03, 2012 Download for free at http://cnx.org/content/col10522/1.40
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'Collaborative statistics' conversation and receive update notifications?

Ask