Question

In: Statistics and Probability

Collect and organize 2 samples of 30 items of data from a source you find relevant....

Collect and organize 2 samples of 30 items of data from a source you find relevant. (assume your values are normally distributed).Some examples:

Sports (top HR hitters, rushing leaders, point scorers, etc.)

Weather (average daily temperature for a month, max hurricane wind speed, etc.)

Business (top grossing movies, highest paid athlete’s, record sales, etc.)

Demographics (age, height, weight, etc.)

Find the mean, median, mode and range for each group.

Find the variance and standard deviation for each group.

Find the 95% confidence interval for the mean of each group.

Test the hypothesis that the means are different (.05 significance)

Solutions

Expert Solution

thank you


Related Solutions

Collect and organize 2 samples of 30 items of data from a source you find relevant....
Collect and organize 2 samples of 30 items of data from a source you find relevant. (assume your values are normally distributed).Some examples: Weather (average daily temperature for a month, max hurricane wind speed, etc.) Find the mean, median, mode and range for each group. Find the variance and standard deviation for each group. Find the 95% confidence interval for the mean of each group. Test the hypothesis that the means are different (.05 significance)
take the paragraphs from the Module 1 assignment, find a relevant source about that and then...
take the paragraphs from the Module 1 assignment, find a relevant source about that and then add an in-text citation and a reference for the source. There are a few ways that one may use plagiarism. One can use Plagiarize by submitting a assignment that they have already completed for a different course or by giving someone else their work to submit as their own. Plagiarize can also be caused if one do not use quotations where they are needed...
1. how to collect useful data online for analysis that will be relevant to a busness?...
1. how to collect useful data online for analysis that will be relevant to a busness? 2. what type of incentive can a buseness offer to get people to respond to surveys truefully? 3. what are some ways that less well known companies can overcome trust issues when collecting data to gain insight? 4. pros and cons to sample size? 5. how does "level of confidence: affect sample size?
collect and analyze relevant background data on the market and competitors for Amazon Inc.
collect and analyze relevant background data on the market and competitors for Amazon Inc.
Collect at least 11 observations of quantitative data. Give the source of your data. Construct a...
Collect at least 11 observations of quantitative data. Give the source of your data. Construct a dot plot of your data. Compute the mean, median, range, and sample standard deviation. Presentation counts.
Select the relevant costs and other data from the following, and calculate the All Source F&D...
Select the relevant costs and other data from the following, and calculate the All Source F&D Cost for Big Oil Co. on a BOE basis (Use a 6 to 1 conversion ratio) Big Oil Data for All Source F&D Calculation - Oil and Gas Costs $Millions Unproved property acquisitions $75 Exploration $850 Development expenses $900 Proved Property Acquisitions $250 SG&A $225 Interest payments $75 Oil Reserve Additions Million Barrels Oil reserve discoveries and extensions 105 MMBO Oil revisions 5 MMBO...
Collect data from 30 people from your work, school, neighborhood, family, or other group. Ask a...
Collect data from 30 people from your work, school, neighborhood, family, or other group. Ask a quantitative question, such as, “How many pets do you have?” or “How many college classes have you taken?” Explain your population, sample, and sampling method and what level of measurement your data is (nominal, ordinal, interval, or ratio). Use technology ( Excel) to create a Histogram of your data and explain the shape of the distribution (bell-shaped, uniform, right-skewed, or left-skewed) and possible reasons...
Collect relevant data and prepare and submit operational budgets for a range of organisations ( can...
Collect relevant data and prepare and submit operational budgets for a range of organisations ( can be any Australia companies that have their annual accounts online - Woolworths , Anz . You must collect and use data relating to relating to: •previous budgets and forecasts •cash flow and cash flow projections •fixed costs •sales records and projections •variable business costs •estimates and projections Conduct appropriate research and discuss the different aspects of the budgets with stakeholders, covering, for example: •annual...
Suppose that you collect the following data from the imaginary country of Econoland. There is a...
Suppose that you collect the following data from the imaginary country of Econoland. There is a total population of 10,000. 3,000 are children under the age of 16, 1,000 people in the military, and no people in prison due to a recent reform of the criminal justice system. Of the remaining 6,000 people, 3,000 currently have a job, 1,000 are actively looking for a job, 1,000 would like a job but have given up looking, and 1,000 are retired and...
A random sample of 100 households and collect data on each household’s income. You find a...
A random sample of 100 households and collect data on each household’s income. You find a sample income standard deviation of $160,000. You want to test the null hypothesis that the population mean income is $100,000, using a p-value of 0.05, against the alternative that it does not equal $100,000. You will: A. Reject the null hypothesis if the sample mean is $130,000 B. Fail to reject the null hypothesis if the sample mean is between $80,000 and $120,000 C....
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT