Explain the following statistical terms a) Secondary statistic b) Data point c) Metric variable d) Array

1. To understand the cooking and diet patterns of Americans, a research company surveyed 12,340 American adults (age 18 and older) during the year 2014 and asked about a variety of factors including age, gender, yearly income (in US $), and the number of hours spent cooking each week. Answer the following questions regarding the context of the survey: a. WHO is being measured? (What is the sample?) b. WHAT is being measured? (What are the variables?) For each variable, identify whether it is quantitative or categorical.

1. EA Sports is interested in how much money, on average, their customers spend on in- game items. Using their records, they draw a sample of 10,000 customers and calculate each customer's average spending on in-game items. A. Identify the population, sample, parameter, statistic, variable, and data for this example. Population Sample I. II. III. parameter

1 a) Hair color is an True False example of a qualitative data.

An agent for a residential real estate company in a large city has the business objective of developing more accurate estimates of the monthly rental cost for apartments. Toward that goal, the agent would like to use the size of an apartment, as defined by square footage to predict the monthly rental cost. The agent selects a sample of 25 apartments in a particular residential neighborhood and collects the following data:   Size (square feet) Rent ($) 850 1950 1450 2600 1085 2200 1232 2500 718 1950 1485 2700 1136 2650 726 1935 700 1875 956 2150 1100 2400 1285 2650 1985 3300 1369 2800 1175 2400 1225 2450 1245 2100 1259 2700 1150 2200 896 2150 1361 2600 1040 2650 755 2200 1000 1800 1200 2750     (a) Determine the coefficient of determination, r2, and interpret its meaning. (b) Determine the standard error of the estimate (Syx).…

"Which of the following best describes a sample in statistics? A) The entire group of individuals or instances about whom we hope to learn B) A subset of the population used to represent the entire group C) The variable being measured in a study D) The procedure used to collect data"

The questions below are based on a dataset containing the characteristics of 5,407households. In particular, we will use the following variables:- size: home size, measured in square feet.- hhinc: annual household net income, measured in euros.- owner: dummy variable equal to 1 if the living space is owned, and 0 if the livingspace is rented.- hhsize1: dummy variable equal to 1 if the number of household’s members is 1 or2, and 0 otherwise.- hhsize2: dummy variable equal to 1 if the number of household’s members is 3 or4, and 0 otherwise.- hhsize3: dummy variable equal to 1 if the number of household’s members is 5 orabove 5, and 0 otherwise.- edu: education level of household’s members. We conduct a simple regression of size on hhinc, now using robust standard errors.The regression output is reported in Table 2. Why are the estimated coefficients inTable 2 equal to the estimated coefficients in Table 1? Do the conclusions on thestatistical significance at 5% of the coefficient of…