7/28/2021 1.5 Using Integration to Estimate Households in Middle Income Range | Section 4: What is Middle Income?

e Income? Thinking about Income Distributions with Statistics and Calculus | Calculus Applied! | edX

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1.5.2 Exploratory Quiz: Probability Density Functions in Action
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Exploratory Quiz (Required Sections) due Jul 30, 2021 06:55 PKT
Question 1
6/6 points (graded)
For each mathematical expression, find the image or images that visually represent the value of the
expression. (Every expression has at least one image. One has two images.)
NOTE: The graphs are of probability density functions. The vertical axis represents the rescaled
relative frequency, also called density.
Description of all graphs
Graph Equation
A.

None of the Above

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B.

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AND

None of the Above



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View Larger Image

C.

None of the Above

View Larger Image 

D.

None of the Above

View Larger Image 

E.

None of the Above

View Larger Image 

F.

None of the Above

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Question 2
1/1 point (graded)
Which of the following are valid ways to compute the probability that a randomly chosen household
income is greater than dollars?
Compute , where is the probability density function for .
Compute , where is the probability density function for .
Compute , where is the probability density function for .
Compute , where is the cumulative distribution function for .
Compute , where is the cumulative distribution function for .


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Question 3
1/1 point (graded)
We can use our model to get an estimate how many US households earning some income made more
than a million dollars in 2013.
Use the following information to make an estimate.
Using a computer, we can compute .
There were about 124 million households in the US in 2013. (Note: this includes households
earning non-positive income, but you can still use this to make an overestimate.)
Which of the following are an appropriate estimate according to our model? (Note: there may be
more than one appropriate estimate.)
The model estimates that the chance that a randomly chosen US household earning some
income makes more than 1 million dollars is almost zero.
The model estimates that there are no households in 2013 making above 1 million dollars.
The model estimates that there are about 36 households making above 1 million dollars.
None of the above.


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Question 4
1/1 point (graded)
The median of a set of data cuts the data in half, separating the higher half of the data from the
lower half.
We define median for a continuous model similarly. The median of a continuous distribution is the
value such that such that a randomly chosen has a 50% chance of being higher than that value
and a 50% chance of being lower.
Which of the following do you think would compute the median, , of the probability density
function ? (We’ll come back to this question in the next video.)
Compute
Find the value such that
Find the value such that
None of the above.


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Question 5: Think About It...

1 point possible (graded)
Can you think of a way to use the probability density function to compute the mean annual income?
Record your ideas below.

Submit

Next Up: 1.6 What is Middle Income? Mean and

Previous Median for the Continuous Model
12 min

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