Question

In: Statistics and Probability

Using the below question and values how do you calculate the standard deviation without using a...

Using the below question and values how do you calculate the standard deviation without using a calculator (by hand) of (s1^2/n1+s2^2/n2) with the standard deviation answer being 1.4938 and 1.1361
/sqrt(1.4938^2/10 + 1.1361^2/10)
Choose two competing store and compare the prices of 10 items at both stores. Preform a two-sample hypothesis test to try an prove if one store is more expensive than the other based on your sample. Store A item #1-$5.49, #2 $3.77, #3 $0.87, #4 $3.29, #5 $4.79, #6 $1.99, #7 $1.33, #8 $2.19, #9 $2.79, #10 $3.99 Store B items #1 $4.59, #2 3.99, #3 $1.79,  #4 $2.99, #5 $4.59, # $1.79, #7 $1.99, #8 $2.19, #9 $2.79, #10 $3.99

Hypothesis:
H0 ; mu1= mu2
HA: mu 1 > mu2

test statistics:

t = (x1-x2)/sqrt(s1^2/n1+s2^2/n2)
= (3.05 - 3.07)/sqrt(1.4938^2/10 + 1.1361^2/10)
= -0.0337

p value = .4872

FAil to reject the H0

Solutions

Expert Solution

std dev of sample 1

X (X - X̄)²
5.49 5.954
3.77 0.518
0.87 4.752
3.29 0.058
4.79 3.028
1.99 1.124
1.33 2.958
2.19 0.7
2.79 0.068
3.99 0.884

mean =    ΣX/n =    30.500   /   10.000   =   3.050
                      
sample variance =    Σ(X - X̄)²/(n-1)=   20.0824   /   9.0000   =   2.2314
                      
sample std dev =   √ [ Σ(X - X̄)²/(n-1)] =   √   2.2314   =       1.4938

------------------------------------------------------

std dev of sample 2

X (X - X̄)²
4.59 2.310
3.99 0.846
1.79 1.638
2.99 0.006
4.59 2.310
1.79 1.638
1.99 1.166
2.19 0.8
2.79 0.078
3.99 0.846

mean =    ΣX/n =    30.700   /   10.000   =   3.070
                      
sample variance =    Σ(X - X̄)²/(n-1)=   11.6160   /   9.0000   =   1.2907
                      
sample std dev =   √ [ Σ(X - X̄)²/(n-1)] =   √   1.2907   =       1.1361
-----------------------------------------------------

H0 ; mu1= mu2
HA: mu 1 > mu2  

std error , SE =    √(s1²/n1+s2²/n2) = √(1.4938^2/10 + 1.1361^2/10) = 0.5935

t = (x1-x2)√(s1^2/n1+s2^2/n2) = (x1-x2)√std error
= (3.05 - 3.07)/√0.5935
= -0.0337

DF = min(n1-1 , n2-1 )=   9
p-value=0.5131

p-value >α, so

FAil to reject the H0


Related Solutions

Given the data set below, calculate the standard deviation standard deviation using the defining formula standard...
Given the data set below, calculate the standard deviation standard deviation using the defining formula standard deviation using the computing formula 8,41,24,19,15,12,47,12,33
how do I calculate the standard deviation of the stock returns by hand using this formula?...
how do I calculate the standard deviation of the stock returns by hand using this formula? Please show equations Returns KR -0.028046707 -0.00137424 -0.073959399 0.023774212 0.000725709 0.093908593 0.040437549 -0.036635855 -0.013787899 -0.001010467 -0.016520524 0.013027037 -0.07275805 0.006569397 0.002900627 0.027838008 0.035174196 -0.044512422 -0.001778114 -0.008550123 0.060007208 -0.028523993 -0.017531506 -0.126695243 -0.004495254 -0.000821074 0.010682065 -0.028455365 0.074058593 0.004285193 -0.030256065 0.029600028 0.003496525 -0.062330684 -0.015213977 -0.03836428 0.049101291 0.013790208 -0.083264582 -0.023830978 0.001842499 0.00643668 -0.009136514 -0.009681867 0.035381773 0.048561093 -0.028301859 0.034986635 0.016745341 0.043074367 0.061943277
how do you calculate the sample mean and the standard deviation, when you are only given...
how do you calculate the sample mean and the standard deviation, when you are only given significance level, sample size, hypotheaia teat mean and sample mean(x-bar)?
How do you calculate the mean and standard deviation of the sampling distribution for sample means?...
How do you calculate the mean and standard deviation of the sampling distribution for sample means? [2 sentences] What is the effect of increasing sample size on the sampling distribution and what does this mean in terms of the central limit theorem? [2 sentences] Why is the standard deviation of the sampling distribution smaller than the standard deviation of the population from which it came? [3 sentences]
1. Using the data below, calculate the standard deviation.             ri          Pi          &nbs
1. Using the data below, calculate the standard deviation.             ri          Pi                      1%       .25             4%       .45             7%       .30 1.98% 2.22% 3.27% 2.01% none of these 2. The standard deviation of stock i’s return is 4.3%, the standard deviation of the market return is 3.9% and the correlation of the market return and stock i’s return is .35; calculate the Beta. 1.3214 1.1148 .3859 .6947 none of these 3. A stock's beta equals 1.2, the risk-free rate of return is 1.5% and the market risk premium...
Using the table below, calculate the variance of X, variance of Y, standard deviation of X,...
Using the table below, calculate the variance of X, variance of Y, standard deviation of X, standard deviation of Y,   the covariance between X and Y, the correlation coefficient between X and Y, and find the regression line assuming X is the independent variable (find the slope and the intercept). Show your work Fill in the Blanks: X Y X-Xbar Y-Ybar (X-Xbar)^2 (Y-Ybar)^2 (X-Xbar)*(Y-Ybar) 5 3 9 6 12 15 17 20 21 23 Sum Calculate the following and show...
What is Mirr? how do you find it using excel without using excel formula? Below is...
What is Mirr? how do you find it using excel without using excel formula? Below is cash flow. I found IRR is 15.59% and required return is 12% CF Y0 Y1 Y2 Y3 Y4 Y5 Y6 Capital spen $ (30,000,000.00) $ 15,062,400.00 Opp cost $   (5,000,000.00) NWC $   (1,120,000.00) $      (150,000.00) $      (170,000.00) $      140,000.00 $   1,300,000.00 OCF $     9,015,600.00 $ 11,392,500.00 $ 12,193,200.00 $ 10,435,800.00 $ (2,640,000.00) $   (3,960,000.00) CF $ (36,120,000.00) $     8,865,600.00 $ 11,222,500.00 $ 12,333,200.00 $...
2-1- Based on Initial Observation values, calculate the mean and standard deviation of the data. (You...
2-1- Based on Initial Observation values, calculate the mean and standard deviation of the data. (You need to show your calculation for standard deviation calculation). Then calculate the Cp and Cpk of the process based on provided USL and LSL in the article. USL=105 mm LSL=75 mm 97.04 100.22 97.07 96.32 89.63 94.29 96.01 99.88 96.08 92.4 94.76 97.02 95.51 96.63 95.69 94.01 99.75 96.07 97.11 96.24 96.94 99.98 97.94 97.75 94.44 97.72 96.4 97.55 96.17 98.09
Using the table below calculate the missing values.
Using the table below calculate the missing values.YearNominal GDPReal GDPGDP Deflator1 (2007)3,753____________812 (2008)4,5515,009____________3 (2009)5,150____________100.004 (2010)5,6665,255____________5 (2011)____________6,175          158Enter the missing values : the inflation/growth rates as indicated below.Inflation rate year 1-2 ____________Inflation rate year 3-4 ____________Real growth rate yr. 2-3 ____________Real growth rate yr. 4-5 ____________
Using NumPy etc. How to calculate a population mean and population standard deviation of a column...
Using NumPy etc. How to calculate a population mean and population standard deviation of a column with values. Also, how to calculate the range of values around the mean that includes 95% confidence interval of values within the column.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT