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A Simple Random Sample of 6 Computer Programmers in Houston

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A simple random sample of 6 computer programmers in Houston, Texas revealed the sex of the programmers and the following information about their weekly incomes. A simple random sample of 6 computer programmers in Houston, Texas revealed the sex of the programmers and the following information about their weekly incomes.    a.What is the point estimate for the average weekly income of all the computer programmers in Houston? b.What is the point estimate for the standard deviation of the population? c.Determine a point estimate for the proportion of all programmers in Houston who are female.
a.What is the point estimate for the average weekly income of all the computer programmers in Houston?
b.What is the point estimate for the standard deviation of the population?
c.Determine a point estimate for the proportion of all programmers in Houston who are female.


Definitions:

Conservative Economists

Economists who generally advocate for reduced government spending, lower taxes, and minimal government intervention in the economy.

Automatic Stabilizers

Economic policies and programs designed to offset fluctuations in a nation's economic activity without additional government action, such as progressive tax systems and welfare.

Inflation

An overall uptick in price levels and a decline in the value of money.

Liberal Economist

An economist advocating for policies promoting free market principles, minimal government intervention, and individual liberties in economic matters.

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