Question

In: Statistics and Probability

For your summary statement try to explain in a paragraph for each variable, in statistical terms,...

For your summary statement try to explain in a paragraph for each variable, in statistical terms,

what the 90% confidence interval means for each of these variables.

In other words, how do we interpret these numbers in our SPSS

output?

HRSRELAX (hours per day respondents have to relax)

Mean:                            90% confidence interval lower and upper

Lower class 4.20                2.89/5.51

Working class 3.10           2.87/3.33

Middle class 3.75              3.43/4.08

Upper class 3.36                2.51/4.20

EDUC (highest year of school completed)

Mean:                            90% confidence interval lower and upper

Lower 12.04        11.05/13.03

Working 13.03   12.68/13.37

Middle 15.36      15.03/15.69

Upper 16.86        15.69/18.03

HRS1 (number of hours worked last week)

Mean:                            90% confidence interval lower and upper

Lower 35.72        31.48/39.96

Working 41.80   40.32/43.29        

Middle 42.85      40.98/44.72

Upper 42.86        34.66/51.05

MAEDUC (highest year of school completed, mother)

Mean:                            90% confidence interval lower and upper

Lower 9.48          7.89/11.07

Working 11.31   10.84/11.79

Middle 13.06      12.06/13.52

Upper   14.50     12.38/16.62

Solutions

Expert Solution

HRSRELAX (hours per day respondents have to relax):

If we happen to collect total of 100 random samples from Lower class people and compute sample mean for the no. of relaxation hours per day for each of those 100 samples, we will approximately get 90 sample means out of total 100 as falling within the range of 2.89 to 5.51. Similar interpretation carries through to Middle, working and upper class.

EDUC (highest year of school completed)

If we happen to collect total of 100 random samples from Lower class people and compute sample mean for the highest year of school completed for each of those 100 samples, we will approximately get 90 sample means out of total 100 as falling within the range of 11.05 to 13.03. Similar interpretation carries through to Middle, working and upper class.

HRS1 (number of hours worked last week)

If we happen to collect total of 100 random samples from Lower class people and compute sample mean for the no. of hours worked last week for each of those 100 samples, we will approximately get 90 sample means out of total 100 as falling within the range of 31.48 to 39.96. Similar interpretation carries through to Middle, working and upper class.

MAEDUC (highest year of school completed, mother)

If we happen to collect total of 100 random samples from Lower class people and compute sample mean for the highest year of school completed by mother of the respondent for each of those 100 samples, we will approximately get 90 sample means out of total 100 as falling within the range of 7.89 to 11.07. Similar interpretation carries through to Middle, working and upper class.

Dear student,If you find this answer helpful, do provide your valuable feedback through voting and commenting.


Related Solutions

Explain briefly each of the following economic terms. Try to be as concise as possible. Over-the-counter...
Explain briefly each of the following economic terms. Try to be as concise as possible. Over-the-counter (OTC) market (as one kind of financial markets) Secondary market (as one kind of financial markets) Risk premium (of bonds) Yield to maturity (of bonds) Liquidity (of an asset) Federal funds
Instructions: Aim to include an introductory paragraph with a thesis statement, a summary of the relevant...
Instructions: Aim to include an introductory paragraph with a thesis statement, a summary of the relevant articles, at least two paragraphs answering the questions, and a conclusion paragraph. A thesis statement is a position on the question with supporting reasons. A thesis statement probably includes a “because clause” (e.g. “I argue x because y and z”). Next come one to two paragraphs explaining the background texts necessary to support your thesis. Then, you should include two to three paragraphs supporting...
Identify if the statement is true or false and then explain your reasoning. 1. Statistical inference...
Identify if the statement is true or false and then explain your reasoning. 1. Statistical inference is the process of drawing conclusions about unknown statistics by using known parameters.             True or false? why? 2.The terms “histogram” and “bar graph” are synonyms.             True or false? why?
1. Discuss the individual statistical significance of the coefficient for each independent variable for each of...
1. Discuss the individual statistical significance of the coefficient for each independent variable for each of the preceding simple and multiple linear regression models at a 90% level of confidence and 95% level of confidence. Selling Price Living Area (Sq Feet) No. Bathrooms No Bedrooms $145,000 1,152 1 2 $103,000 1,290 1.5 3 $210,000 2,396 1.5 4 $559,000 3,090 4 4 $218,000 1,428 1 3 $262,138 1,631 2.5 3 $125,000 1,368 1 3 $130,000 1,134 1 3 $157,500 1,697 1.5...
1) Write a paragraph for the following terms. Provide one example when answering each paragraph. A....
1) Write a paragraph for the following terms. Provide one example when answering each paragraph. A. the cold War B. UNICEF
1) Write a paragraph for the following terms. Provide one example when answering each paragraph. A....
1) Write a paragraph for the following terms. Provide one example when answering each paragraph. A. Liberalism B. Structural Adjustment
1) Write a paragraph for the following terms. Provide one example when answering each paragraph. A....
1) Write a paragraph for the following terms. Provide one example when answering each paragraph. A. Agenda 21 B. ECOSOC
1) Write a paragraph for the following terms. Provide one example when answering each paragraph. A....
1) Write a paragraph for the following terms. Provide one example when answering each paragraph. A. R2P B. Kofi Annan
Define These Terms in Two Short Paragraph each. One Short Paragraph defining the term, and one...
Define These Terms in Two Short Paragraph each. One Short Paragraph defining the term, and one short paragraph using it in an example. The terms have to relate to international business. 1-Patriotism- 2-Colonialism- 3-Ethnocentric- 4-Acculturation- 5-Developed World- 6-Social Cohesion- 7-Microcredit Banking- 8-Protectionism- 9-Culture- 10-Globalization-
Instructions:You need to show your clear calculation to support each statement provide a paragraph of interpretation...
Instructions:You need to show your clear calculation to support each statement provide a paragraph of interpretation related to the result of your analysis on each statement. Comparative Analysis for balance sheet: 2011 2010 Difference % changed ASSETS: Current Assets Cash and equivalents $ 2,291.1 $ 2,133.9 Short-term investments    1,164.2       642.2 Account receivable    2,883.9    2,795.3 Inventory    2,357.0    2,438.4 Prepaid expenses and other assets       765.6       602.3 Deferred income taxes, net      272.4       227.2...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT