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
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