Math Problem Statement

Recall that the population mean is given by the formula mu equals StartFraction Upper Sigma x Subscript i Baseline f Subscript i Over Upper Sigma f Subscript i EndFraction equals StartFraction x 1 f 1 plus x 2 f 2 plus ... plus x Subscript n Baseline f Subscript n Baseline Over f 1 plus f 2 plus ... plus f Subscript n EndFraction where x Subscript i is the midpoint or value of the ith​ class, f Subscript i is the frequency of the ith​ class, and n is the number of classes.The following data represent the number of people aged 25 to 64 years covered by health insurance​ (private or​ government) in 2018. Approximate the mean and standard deviation for age.

Age

​25-34

​35-44

​45-54

​55-64   Number​ (millions)

23.723.7

38.238.2

36.736.7

25.225.2muμ what does mean equal

Solution

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Math Problem Analysis

Mathematical Concepts

Descriptive Statistics
Frequency Distribution
Measures of Central Tendency
Measures of Spread

Formulas

Population Mean: μ = Σ(x_i * f_i) / Σf_i
Population Standard Deviation: σ = √(Σf_i * (x_i - μ)^2 / Σf_i)

Theorems

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Suitable Grade Level

Grades 9-12