Question

In: Statistics and Probability

One of the greatest debates in the history of great debates: Who’s the G.O.A.T (greatest of...

One of the greatest debates in the history of great debates: Who’s the G.O.A.T (greatest of all time): Michael Jordan or LeBron James? Although this is a highly complex question, let’s try to get at it by comparing the two on just one performance measure: average points per game (PPG). Below is a table with the average PPG per season for each Jordan and James:

SEASON

Jordan PPG

James PPG

1

28.2

20.9

2

22.7

27.2

3

37.1

31.4

4

35

27.3

5

32.5

30

6

33.6

28.4

7

31.5

29.7

8

30.1

26.7

9

32.6

27.1

10

26.9

26.8

11

30.4

27.1

12

29.6

25.3

13

28.7

25.3

14

22.9

26.4

15

20

With the above data, answer the following:

1. This is a non-traditional example that will require a t-test. However, the book only discusses the use of t-tests in terms of comparing sample means. Here, we are going to apply the t-test to two sets of data, each collected from one individual (i.e., we’re comparing multiple data points from one individual to multiple data points from another individual). With this said, which type of t-test do you believe to be most appropriate here: a related samples or independent samples? Please explain why.

2. State the appropriate alternative and null hypotheses (using the statistical notation for stating mathematical relationships) to test the hypothesis that Jordan and James will significantly differ with respects to average PPG.

3. Assuming an alpha level of 0.05, provide the critical and obtained values for this hypothesis test.

4. Assuming an alpha level of 0.05, make a decision as to whether the result of the hypothesis test is significant or insignificant, as well as whether you should reject or fail to reject the null hypothesis, being sure to explain why. Also, interpret the results of the hypothesis test in everyday language (i.e., do Jordan and James differ with respects to average PPG?).

Solutions

Expert Solution

Jordan PPG ( X ) James PPG ( Y )
28.2 1.5708 20.9 38.6175
22.7 45.6071 27.2 0.0073
37.1 58.472 31.4 18.3672
35 30.7659 27.3 0.0345
32.5 9.2824 30 8.3273
33.6 17.1951 28.4 1.653
31.5 4.189 29.7 6.6858
30.1 0.4182 26.7 0.1716
32.6 9.9017 27.1 0.0002
26.9 6.5193 26.8 0.0988
30.4 0.8962 27.1 0.0002
29.6 0.0215 25.3 3.2917
28.7 0.5675 25.3 3.2917
22.9 42.9457 26.4 0.5102
20 89.3649
Total 441.8 317.7173 379.6 81.057







To Test :-

H0 :-  

H1 :-  

Test Statistic :-


t = 1.6714
Test Criteria :-
Reject null hypothesis if


DF = 21


Result :- Fail to Reject Null Hypothesis

Conclusion :- Accept Null Hypothesis

There is no sufficient evidence to support the claim that Jordan and James will significantly differ with respects to average PPG.


Related Solutions

One of the greatest debates of the 21st century centers upon globalization and economic growth versus...
One of the greatest debates of the 21st century centers upon globalization and economic growth versus concerns for the natural environment. After diligent research of electronic sources, discuss the pros and cons of economic growth in terms of environmental concerns. Is economic growth a net benefit or loss for the natural environment? Is it sustainable? Why or why not?
One of the longest debates in accounting history is the issue of deferred taxes. The controversy...
One of the longest debates in accounting history is the issue of deferred taxes. The controversy began in the 1940s and has continued, even after the FASB issued Statement of Financial Accounting Standards No.109 [FASB ASC 740: Income Taxes] in 1992. At issue is the appropriate treatment of tax consequences of economic events that occur in years other than that of the events themselves. Required: 1. Distinguish between temporary differences and permanent differences. Provide an example of each. 2. Distinguish...
what are the causes and results of the great depressi great depression? US history.
what are the causes and results of the great depressi great depression? US history.
The Great Recession was the most serious economic downturn in U.S. history since the Great Depression....
The Great Recession was the most serious economic downturn in U.S. history since the Great Depression. The recession began in December 2007. Interest rates at the time were very low, close to zero. Despite the American Recovery and Reinvestment Act of 2009, a nearly $800 billion fiscal stimulus and an expansionary monetary policy, the economy is only now getting back to normal in 2015. In retrospect, what set of macro policies, if anything, should we have conducted to achieve a...
The Great Recession was the most serious economic downturn in U.S. history since the Great Depression....
The Great Recession was the most serious economic downturn in U.S. history since the Great Depression. The recession began in December 2007. Interest rates at the time were very low, close to zero. Despite the American Recovery and Reinvestment Act of 2009, a nearly $800 billion fiscal stimulus and an expansionary monetary policy, the economy is only now getting back to normal in 2015. In retrospect, what set of macro policies, if anything, should we have conducted to achieve a...
The Great Recession was the most serious economic downturn in U.S. history since the Great Depression....
The Great Recession was the most serious economic downturn in U.S. history since the Great Depression. The recession began in December 2007. Interest rates at the time were very low, close to zero. Despite the American Recovery and Reinvestment Act of 2009, a nearly $800 billion fiscal stimulus and an expansionary monetary policy, the economy is only now getting back to normal in 2015. In retrospect, what set of macro policies, if anything, should we have conducted to achieve a...
The Great Depression was the greatest economic disaster that the United States has ever faced. A...
The Great Depression was the greatest economic disaster that the United States has ever faced. A number of factors have been suggested as the cause of the Depression. Discuss at least three of the factors that you feel were the most important reasons for either causing the economic turmoil or responsible for exacerbating it.
One of the major on-going debates in U.S. Foreign policy is the one between Realists and...
One of the major on-going debates in U.S. Foreign policy is the one between Realists and Idealists. What are the main arguments of these 2 schools of thought? After having watched the videos with his foreign policy positions, do you think president Trump is a Realist or an Idealist and why?
One of the common debates in public budgeting in whether or not the government should be...
One of the common debates in public budgeting in whether or not the government should be " run like a business". One side believes that running government like a business will improve efficiency and lead to more fiscal responsibility. The other side believes the programs offered by government outweigh and are unlike the mission statements of the public sector. Taking what you have learned in this course, compare and contrast the two sides of the debate. Take a position and...
The Health Insurance Experiment (HIE) is perhaps the greatest experiment in the history of healthcare finance...
The Health Insurance Experiment (HIE) is perhaps the greatest experiment in the history of healthcare finance as it explores the interface of people and insurance and the methods for reducing waste in the consumption of healthcare through moral hazard. Tasks: Describe the results of the experiment and analyze how it affects healthcare today.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT