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Met Areas Tab of Excel is where to find the information. Homework 7 tab! /> Suppose that there are the 100 MSAs or cities that are listed in the MetAreas data. In practice though we might sample instead of looking at all 100 cities because collecting data can be expensive. If you took a sample of 10 cities what is the worst possible average rating you could have gotten? Answer to 2 decimal places. Hint: you might want to sort the data. Suppose that there are the 100 MSAs or cities that are listed in the MetAreas data. In practice though we might sample instead of looking at all 100 cities because collecting data can be expensive. If you took a sample of 10 cities what is the best possible average rating you could have gotten? Answer to 2 decimal places. Hint: you might want to sort the data. Suppose that there are the 100 MSAs or cities that are listed in the MetAreas data. However, you only have enough money to rate 15 cities and you decide to sample them alphabetically (i.e., Albany, Albuquerque, Appleton…). What will your sample average be? Answer to 2 decimal places.

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Met Areas Tab of Excel is where to find the information. Homework 7 tab!

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  1. Suppose that there are the 100 MSAs or cities that are listed in the MetAreas data.  In practice though we might sample instead of looking at all 100 cities because collecting data can be expensive.  If you took a sample of 10 cities what is the worst possible average rating you could have gotten? Answer to 2 decimal places.  Hint: you might want to sort the data.
  2. Suppose that there are the 100 MSAs or cities that are listed in the MetAreas data.  In practice though we might sample instead of looking at all 100 cities because collecting data can be expensive.  If you took a sample of 10 cities what is the best possible average rating you could have gotten? Answer to 2 decimal places.  Hint: you might want to sort the data.
  3. Suppose that there are the 100 MSAs or cities that are listed in the MetAreas data.  However, you only have enough money to rate 15 cities and you decide to sample them alphabetically (i.e., Albany, Albuquerque, Appleton…).  What will your sample average be?  Answer to 2 decimal places.  
 
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