Question

In: Statistics and Probability

You are working for the Red Sox and are asked to communicate the batting averages to...

You are working for the Red Sox and are asked to communicate the batting averages to the managers / coaches.
What type of graph, chart would you use and why?

What method of sampling would you used if asked to find out what type of soft drinks/sodas high school students like? How would you collect the data?

You are an analyst in the medical field and your first assignment is in primary care. You want to see which is more extreme – a cholesterol level of 215 or weight of 275 pounds. How would you figure this out using statistics we have learned?

You are a marketing and research analyst for a bank. You want to test the claim that the waiting time for a customer in line is less than 3 minutes. How would you go about this using the steps in a hypothesis test? You need to decide what your confidence level is, sample size etc.
Explain in detail.

In a poll it shows that the candidate for city council in Los Angeles has 49% support plus or minus 3 percentage point margin of error. What does that mean?

Describe the role of statistics in Facebook.


A friend is taking statistics next semester. He has no idea what it is and asks you. How would you explain what statistics and what it is used for?

What is your major/area of study? Discuss how statistics relates to it and where you might see statistical analysis.

Solutions

Expert Solution

1. I can use histogram or box plot where i will plot the battling averages on Y axis against year on X axis to see the comparison and I can use line chart for same to see if the performance is increasing or decreasing.

2. I will use Random Sampling and will collect the data using survey where i will survey random students from different schools asking about preference under Multiple Choice Question.

3. I can study the impact of cholesterol and weight independently on any health parameter, Y(say age of death) and compare y values for both using t test or regression analysis.

4. I will collect the data for waiting time for a customer. Let n = 25 for t test (n<30)

Ho : The waiting time of a customer is not significantly different from 3 mins.

H1: The waiting time of a customer is less than 3 mins significantly.

t test = (xbar - 3)*sqrt(n)/Sx, where xbar is the average waiting time for my sample, Sx is the sample std. dev and n is the sample size.

At alpha = 0.05, i will compare t with t(24,0.05) and if t calculated > t critical. I will reject Ho.

5. In a poll it shows that the candidate for city council in Los Angeles has 49% support plus or minus 3 percentage point margin of error meaning that the support for the candidate will lie the CI (49-3,49+3) or (46,52)% or we can say that excluding all possibilities of error, the support will lie between 46% and 52%.

Please rate my answer and comment for doubt


Related Solutions

Batting Averages Random samples of batting averages from the leaders in both leagues prior to the...
Batting Averages Random samples of batting averages from the leaders in both leagues prior to the All-Star break are shown. At the 0.01 level of significance, can a difference be concluded? National 0.311 0.328 0.324 0.338 0.326 American 0.348 0.325 0.352 0.321 0.333 Compute the test value. Always round t- score value to three decimal places. Do not round intermediate steps. Reject or do not reject the null hypothesis. There is or is not enough evidence to support the claim?
Suppose that the batting averages in baseball are normally distributed so that the mean is .258...
Suppose that the batting averages in baseball are normally distributed so that the mean is .258 and the standard deviation is 0.04. What is the probability that a player has a batting average of (A) More than .258? (B) More than .298? (C) More than .318?
The following data represent baseball batting averages for a random sample of National League players near...
The following data represent baseball batting averages for a random sample of National League players near the end of the baseball season. The data are from the baseball statistics section of The Denver Post. 0.194 0.258 0.190 0.291 0.158 0.295 0.261 0.250 0.181 0.125 0.107 0.260 0.309 0.309 0.276 0.287 0.317 0.252 0.215 0.250 0.246 0.260 0.265 0.182 0.113 0.200 (a) Multiply each data value by 1000 to "clear" the decimals. (Keep data values in the same order they appear...
Random samples of batting averages from the leaders in both leagues prior to the All-Star break...
Random samples of batting averages from the leaders in both leagues prior to the All-Star break are shown. At the 0.05 level of significance, can a difference be concluded? National       0.320    0.353    0.335    0.312    0.319    0.348    0.326 American       0.354    0.326    0.318    0.322    0.353    0.340    0.314 Perform each of the following steps. Assume the variables are normally distributed and the variances are unequal. Use μ1 for the National League average. A) Find the critical values. B) Compute the test...
You have been hired as a financial advisor to Red Sox DH J. D. Martinez who...
You have been hired as a financial advisor to Red Sox DH J. D. Martinez who plans to opt-out of the final 3 years and $62 million of his contract. He has received two offers, one from the Chicago White Sox for 5 years and $130 million and one from the Texas Rangers also for 5 years and $130 million and wants to select the best offer. The White Sox’s offer will pay J.D. $20 million in year 1, $20...
Business Communication lesson homework. You are working at a multinational company. How should you communicate with...
Business Communication lesson homework. You are working at a multinational company. How should you communicate with your internal and external audience during the Covid-19 coronavirus? Consider nonverbal and verbal communication strategies and plan your business messages. I should come up with a case . I should use my imagination. how I present my stance to our employees and customers.
In 2018, the Boston Red Sox won the World Series. The win increase fans demand for...
In 2018, the Boston Red Sox won the World Series. The win increase fans demand for and willingness to pay a higher price for the team’s apparel. However, the merchandising manufacture could not initially meet the increase demand. Explain how after a price increase, time influences the elasticity of supply.
In a business setting, we are often asked to write a memo to communicate with internal...
In a business setting, we are often asked to write a memo to communicate with internal and external professionals. To further advance your learning of memo communication, this written case requests that you prepare a memo to communicate within the company. Background: As the senior accountant at Technology on Demand (TOD), which manufactures mobile technology such as flip phones, smartphones, notebooks, and smartwatches, you are often asked to prepare various financial analysis necessary for decision making. Michelle Dodd, the controller,...
1) An earthquake centered in New Hampshire severely damages Fenway Park, forcing the Red Sox to...
1) An earthquake centered in New Hampshire severely damages Fenway Park, forcing the Red Sox to have to build a new stadium. The team decides to construct its new facility in the nearby town of Quincy rather than in downtown Boston. Use the appropriate economic model to explain why it does so. 2) Referring to question #1, a politician in Massachusetts claims that the state must subsidize the construction of a new stadium because of the "positive externalities" that the...
The following table shows the luxury tax threshold for MLB and Boston Red Sox payroll over...
The following table shows the luxury tax threshold for MLB and Boston Red Sox payroll over 2012 - 2017. Year Luxury Tax Threshold Boston Red Sox Payroll 2012 178,000,000 179,859,051 2013 178,000,000 174,994,264 2014 189,000,000 174,313,058 2015 189,000,000 219,647,612 2016 189,000,000 215,875,101 2017 195,000,000 192,745,428 The luxury tax for an MLB team was 17.5%, 30%, 40%, and 50% depending on whether the team exceeded the threshold for the first, second, third or fourth time. Any team that drops below the...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT