Question

In: Statistics and Probability

Data Set Average Standard Deviation N A 59.4 11.01 12 B 58.4 11.86 15 USING T...

Data Set Average Standard Deviation N
A 59.4 11.01 12
B 58.4 11.86 15

USING T DISTRIBUTION AND HYPOTHESIS TESTING

For dataset A and B, what is the confidence for the true mean of each is greater than 60?

Determine if there is a significant difference between the two viscometers in measuring the fluid viscosity with 95% confidence

For meter A, if we want the uncertainty to be the same as the uncertainty in question 2, but the confidence to be at 99%, how many more measurements are needed (assume the mean and standard deviation are the same)?

Solutions

Expert Solution

For dataset A and B, what is the confidence for the true mean of each is greater than 60?

For A:

60.000 hypothesized value
59.400 mean A
11.010 std. dev.
3.178 std. error
12 n
11 df
-0.189 t
.5731 p-value (one-tailed, upper)

For B:

60.000 hypothesized value
58.400 mean B
11.860 std. dev.
3.062 std. error
15 n
14 df
-0.522 t
.6953 p-value (one-tailed, upper)

Determine if there is a significant difference between the two viscometers in measuring the fluid viscosity with 95% confidence

The hypothesis being tested is:

H0: µ1 = µ2

H1: µ1 ≠ µ2

A B
59.4 58.4 mean
11.01 11.86 std. dev.
12 15 n
25 df
1.0000 difference (A - B)
132.1062 pooled variance
11.4937 pooled std. dev.
4.4515 standard error of difference
0 hypothesized difference
0.225 t
.8241 p-value (two-tailed)

Since the p-value (0.8241) is greater than the significance level (0.05), we cannot reject the null hypothesis.

Therefore, we cannot conclude that there is a significant difference between the two viscometers in measuring the fluid viscosity.

For meter A, if we want the uncertainty to be the same as the uncertainty in question 2, but the confidence to be at 99%, how many more measurements are needed (assume the mean and standard deviation are the same)?

9 more measurements


Related Solutions

Using the following set of data, please find the mode, median, standard deviation and t-test for...
Using the following set of data, please find the mode, median, standard deviation and t-test for females and males. Females: A.) Mean B.) Median C.) Standard Deviation D.) T-test Males: A.) Mean B.) Median C.) Standard Deviation D.) T-test FEMALES: Female 1 Time (in Seconds): 225.62  Simple reaction: 0.262 Female 2 Time (in Seconds): 400.04 Simple reaction: 0.234 Female 3 Time (in Seconds): 469.16 Simple reaction: 0.199 Female 4 Time (in Seconds): 386.39 Simple reaction: 0.259 Female 5 Time (in Seconds):...
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
If data set A has a larger standard deviation than data set B, what would be...
If data set A has a larger standard deviation than data set B, what would be different about their distributions?
A data set has a mean of 700 and a standard deviation of 40. a. Using...
A data set has a mean of 700 and a standard deviation of 40. a. Using Chebyshev's theorem, what percentage of the observations fall between 540 and 860? b. Using Chebyshev’s theorem, what percentage of the observations fall between 500 and 900?
the mean of the data set: 37634.3 the standard deviation of the data set: 10967.85287 the...
the mean of the data set: 37634.3 the standard deviation of the data set: 10967.85287 the sample size of the data set: 50 Using the numbers above calculate the following Show your step-by-step work for each question: Determine the 90% confidence interval, assuming that sigma is unknown, list each in proper (lower bound, upper bound) notation. Make a confidence statement. Determine the 95% confidence interval, assuming that sigma is unknown, list each in proper (lower bound, upper bound) notation. Make...
If the range of a data set is 18, estimate the standard deviation of the data.
If the range of a data set is 18, estimate the standard deviation of the data.
In the population, the average IQ is 100 with a standard deviation of 15. A team...
In the population, the average IQ is 100 with a standard deviation of 15. A team of scientists wants to test a new medication to see if it has either a positive or negative effect on intelligence, or no effect at all. A sample of 30 participants who have taken the medication has a mean of 105. It is assumed that the data are drawn from a normally distributed population. Did the medication affect intelligence, using α= 0.05? a. State...
In the population, the average IQ is 100 with a standard deviation of 15. A team...
In the population, the average IQ is 100 with a standard deviation of 15. A team of scientists wants to test a new medication to see if it has either a positive or negative effect on intelligence, or no effect at all. A sample of 30 participants who have taken the medication has a mean of 105. It is assumed that the data are drawn from a normally distributed population. Did the medication affect intelligence, using α = 0.05? (a)...
Expected Return Standard Deviation Portfolio A 12% 20% Portfolio B 6% 12% T-bill 3% 0% You...
Expected Return Standard Deviation Portfolio A 12% 20% Portfolio B 6% 12% T-bill 3% 0% You are an investment adviser and you have the three investments above to recommend to your clients. The correlation between A and B is -0.5. Solve for the optimal risky portfolio and enter the weights as a %, 99% should be entered as 99.00%. Percent invested in Portfolio A Percent invested in Portfolio B What is the standard deviation of the optimal risky portfolio? What...
Expected Return Standard Deviation Portfolio A 12% 20% Portfolio B 6% 12% T-bill 3% 0% You...
Expected Return Standard Deviation Portfolio A 12% 20% Portfolio B 6% 12% T-bill 3% 0% You are an investment adviser and you have the three investments above to recommend to your clients. The correlation between A and B is -0.5. Solve for the optimal risky portfolio and enter the weights as a %, 99% should be entered as 99.00%. Percent invested in Portfolio A Percent invested in Portfolio B
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT