Case Study: the World's Richest People

In: People

Submitted By nailynn
Words 387
Pages 2
Jasmine Boyer
Principles of Statistics
Professor Boyer
Written Assignment 2
October 18, 2015

Case Study: World’s Richest People

Forbes magazine conducted a study of the world’s richest people. This study was initially done with comparing riches from1426 people, and ultimately the list was cut down to include the top 25 wealthiest people and families of the 1426. The list ranked the individuals and families from 1 to 25 with number 1 being the wealthiest. The list also included the country in which the individual and families were from, their ages, and how much they are worth. According to the data, it is shown that the United States was the most relevant with 14 individuals on the list, Hong Kong and France both had 2 individuals each on the list, and the other countries all had at least one person on the list. The individuals on the list range from the ages of 39 to 93 with a mean of 68.80 and a median of 69. The ages most frequent on the list are ages 60-79, and the standard deviation of all the ages is 14.60. The data has a bell shaped distribution meaning that the distributions are symmetrical, or similar throughout the data.

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Tally for Discrete Variables: Citizenship

Citizenship Count Percent Canada 1 4.00 France 2 8.00 Germany 1 4.00 Hong Kong 1 4.00 Hong Kong 1 4.00 India 1 4.00 Italy 1 4.00 Mexico 1 4.00 Spain 1 4.00 Sweden 1 4.00 U.s. 1 4.00 U.S. 13 52.00 N=…...

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