Draw and display a histogram for each of the two variables using appropriate BIN values from part (b) and comment on the shape of the two distributions.
Optimization
Optimization comes from the same root as "optimal". "Optimal" means the highest. When you do the optimization process, that is when you are "making it best" to maximize everything and to achieve optimal results, a set of parameters is the base for the selection of the best element for a given system.
Integration
Integration means to sum the things. In mathematics, it is the branch of Calculus which is used to find the area under the curve. The operation subtraction is the inverse of addition, division is the inverse of multiplication. In the same way, integration and differentiation are inverse operators. Differential equations give a relation between a function and its derivative.
Application of Integration
In mathematics, the process of integration is used to compute complex area related problems. With the application of integration, solving area related problems, whether they are a curve, or a curve between lines, can be done easily.
Volume
In mathematics, we describe the term volume as a quantity that can express the total space that an object occupies at any point in time. Usually, volumes can only be calculated for 3-dimensional objects. By 3-dimensional or 3D objects, we mean objects that have length, breadth, and height (or depth).
Area
Area refers to the amount of space a figure encloses and the number of square units that cover a shape. It is two-dimensional and is measured in square units.
Second, the researcher wishes to use graphical descriptive methods to present summaries of the data
on each of the two variables: hours worked per week and yearly income, as stored in file
HOURSWORKED.xls.
a) The number of observations (n) is 65 individuals. The researcher suggests using 7 class intervals
to construct a histogram for each variable. Explain how the researcher would have decided on
the number of class intervals (K) as 7.
b) The researcher suggests using class intervals as 10 < X ≤ 15, 15 < X ≤ 20, …, 40 < X ≤ 45 for the
hours per week variable and class intervals 40 < X ≤ 45, 45 < X ≤ 50, ..., 70 < X ≤ 75 for the yearly
income variable. Explain how the researcher would have decided the width of the above class
intervals (or class width).
c) Draw and display a histogram for each of the two variables using appropriate BIN values from
part (b) and comment on the shape of the two distributions.
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