Math Problem Statement
Age Lower Limit Upper Limit Number (millions)
25-34 25 34 25600000
35-44 35 44 30200000
45-54 45 54 38400000
55-64 55 64 24500000 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 corrected standard deviation for age.
Solution
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Math Problem Analysis
Mathematical Concepts
Statistics
Grouped Data Analysis
Measures of Central Tendency
Measures of Dispersion
Formulas
Mean (\overline{x}) = \frac{\sum (x_i \cdot f_i)}{\sum f_i}
Corrected Standard Deviation (s) = \sqrt{\frac{\sum (x_i^2 \cdot f_i) - \left(\frac{\sum (x_i \cdot f_i)}{\sum f_i}\right)^2 \cdot \sum f_i}{\sum f_i - 1}}
Theorems
Central Limit Theorem (underlying statistical concept)
Corrected standard deviation formula for sample data
Suitable Grade Level
Grades 11-12, College Level
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