We assume that our wages will increase as we gain experience and become more valuable to our employers. Wages also increase because of inflation. By examining a sample of employees at a given point in time, we can look at part of the picture. How does length of service (LOS) relate to wages? The data here (data9.dat) is the LOS in months and wages for 60 women who work in Indiana banks. Wages are yearly total income divided by the number of weeks worked. We have multiplied wages by a constant for reasons of confidentiality.
(a) Plot wages versus LOS. Consider the relationship and whether
or not linear regression might be appropriate.
(b) Find the least-squares line. Summarize the significance test
for the slope. What do you conclude?
Wages = _______ | + _______ LOS |
t = _______ | |
P = _______ |
(c) State carefully what the slope tells you about the relationship
between wages and length of service.
(d) Give a 95% confidence interval for the slope.
(_______ ,_______ )
worker wages los size 1 51.7094 69 Large 2 71.0128 60 Small 3 70.07 202 Small 4 49.9388 89 Small 5 51.4523 81 Large 6 61.5483 94 Small 7 45.4168 55 Large 8 53.4017 88 Large 9 42.3147 155 Large 10 46.2871 86 Small 11 63.229 112 Large 12 57.062 72 Small 13 45.8663 32 Small 14 42.0388 35 Large 15 43.3518 57 Large 16 54.3362 39 Large 17 62.1635 47 Large 18 42.8431 89 Small 19 68.4515 42 Large 20 44.4342 65 Large 21 43.6074 62 Large 22 40.2586 28 Small 23 58.7744 75 Large 24 51.7969 67 Small 25 73.4367 168 Large 26 46.8493 86 Small 27 49.9769 44 Small 28 44.8422 93 Large 29 44.7397 113 Large 30 51.0961 25 Large 31 76.9333 118 Small 32 49.2112 109 Large 33 49.1286 43 Large 34 56.6601 74 Small 35 59.466 85 Large 36 37.9853 146 Large 37 39.2893 88 Large 38 37.1191 81 Small 39 53.4795 57 Large 40 68.418 88 Small 41 55.6763 45 Small 42 60.8119 73 Small 43 61.1519 113 Large 44 52.1887 47 Small 45 64.3686 33 Large 46 77.7875 188 Small 47 98.2949 75 Large 48 70.8228 81 Large 49 48.0061 70 Small 50 44.3186 22 Large 51 55.4166 59 Large 52 47.1434 58 Large 53 49.7145 78 Large 54 59.1692 57 Small 55 48.7496 45 Small 56 61.6285 71 Large 57 73.1227 26 Small 58 44.0953 65 Large 59 51.2836 30 Small 60 37.4581 55 Large
In: Statistics and Probability
A political pollster is conducting an analysis of sample results in order to make predictions on election night. Assuming a two-candidate election, if a specific candidate receives at least 54% of the vote in the sample, that candidate will be forecast as the winner of the election. You select a random sample of 100 voters. Complete parts (a) through (c) below.
a.
The probability is ______ that a candidate will be forecast as the winner when the population percentage of her vote is 50.1%.
b.
The probability is _____that a candidate will be forecast as the winner when the population percentage of her vote is 56%
c.
What
is the probability that a candidate will be forecast as the winner
when the population percentage of her vote is
49% (and she will actually lose the election)? d. The probability is _____ that a candidate will be forecast as the winner when the population percentage of her vote is 50.1%. The probability is_____that a candidate will be forecast as the winner when the population percentage of her vote is 56%. The probability is ______that a candidate will be forecast as the winner when the population percentage of her vote is 49%. E. Choose the correct answer below. A. Increasing the sample size by a factor of 4 increases the standard error by a factor of 2. Changing the standard error doubles the magnitude of the standardized Z-value. B. Increasing the sample size by a factor of 4 decreases the standard error by a factor of 2. Changing the standard error decreases the standardized Z-value to half of its original value. C. Increasing the sample size by a factor of 4 increases the standard error by a factor of 2. Changing the standard error decreases the standardized Z-value to half of its original value. D. Increasing the sample size by a factor of 4 decreases the standard error by a factor of 2. Changing the standard error doubles the magnitude of the standardized Z-value. |
In: Statistics and Probability
Researchers often use z-tests to compare their samples to known population norms. The Graded Naming Test (GNT) asks respondents to name objects in a set of 30 black-and-white drawings. The test often used to detect brain damage, starts with easy words like kangaroo and gets progressively more difficult, ending with words like sextant. The GNT population norm for adults in England is 20.4. Roberts (2003) wondered whether a sample of Canadian adults had different scores than adults in England. If they were different, the English norms would not be valid for use in Canada. The mean for 30 Canadian adults was 17.5. For the purposes of this exercise, assume that the standard deviation of the adults in England is 3.2.
When we conduct a one-tailed test instead of a two-tailed test, there are small changes in steps 2 and 4 of hypothesis testing. (Note: For this example, assume that those from populations other than the one on which it was normed will score lower, on average. That is, hypothesize that the Canadians will have a lower mean.) Conduct steps 2, 4, and 6 of hypothesis testing for a one-tailed test.
please help me by actually writing step by step what you are doing so I can understand clearer. do not ONLY use equations to reply please
In: Statistics and Probability
Two baseball teams play a best-of-seven series, in which the series ends as soon as one team wins four games. The first two games are to be played on A’s field, the next three games on B’s field, and the last two on A’s field. The probability that A wins a game is 0:7 at home and 0:5 away. Assume that the results of the games are independent. Find the probability that:
(a) A wins the series in 4 games; in 5 games;
(b) the series does not go to 6 games.
In: Statistics and Probability
9)Test the claim that σ2 < 44.8 if n = 28, s2 = 28, and α = 0.10. Assume that the population is normally
distributed. Identify the claim, state the null and alternative hypotheses, find the critical value, find the standardized test statistic, make a decision on the null hypothesis (you may use a P-Value instead of the standardized test statistic), write an interpretation statement on the decision.
10)The heights (in inches) of 20 randomly selected adult males are listed below. Test the claim that the
variance is less than 6.25. Assume the population is normally distributed. Use α = 0.05. Identify the claim, state the null and alternative hypotheses, find the critical value, find the standardized test statistic, make a decision on the null hypothesis (you may use a P-Value instead of the standardized test statistic), write an interpretation statement on the decision.
70 72 71 70 69 73 69 68 70 71
67 71 70 74 69 68 71 71 71 72
In: Statistics and Probability
Researchers often use z-tests to compare their samples to known population norms. The Graded Naming Test (GNT) asks respondents to name objects in a set of 30 black-and-white drawings. The test often used to detect brain damage, starts with easy words like kangaroo and gets progressively more difficult, ending with words like sextant. The GNT population norm for adults in England is 20.4. Roberts (2003) wondered whether a sample of Canadian adults had different scores than adults in England. If they were different, the English norms would not be valid for use in Canada. The mean for 30 Canadian adults was 17.5. For the purposes of this exercise, assume that the standard deviation of the adults in England is 3.2.
Some words on the GNT are more commonly used in England. For example, a mitre, the headpiece worn by bishops, is worn by the archbishop of Canterbury in public ceremonies in England. No Canadian participant correctly responded to this item, whereas 55% of English adults correctly responded. Explain why we should be cautious about applying norms to people different from those on whom the test was normed.
In: Statistics and Probability
The SAT and the ACT are the two major standardized tests that colleges use to evaluate candidates. Most students take just one of these tests. However, some students take both. The data data34.dat gives the scores of 60 students who did this. How can we relate the two tests?
(a) Plot the data with SAT on the x axis and ACT on the
y axis. Describe the overall pattern and any unusual
observations.
(b) Find the least-squares regression line and draw it on your
plot. Give the results of the significance test for the slope.
(Round your regression slope and intercept to three decimal places,
your test statistic to two decimal places, and your
P-value to four decimal places.)
ACT = ______ | +_______ (SAT) |
t =_______ | |
P = _______ |
(c) What is the correlation between the two tests? (Round your
answer to three decimal places.) (_______)
obs sat act 1 1104 23 2 786 16 3 668 18 4 1062 20 5 1025 21 6 1254 29 7 1183 21 8 908 12 9 837 22 10 695 12 11 1043 21 12 735 18 13 884 17 14 1269 28 15 968 21 16 1034 22 17 1070 25 18 826 19 19 750 16 20 1043 21 21 854 23 22 1063 26 23 866 21 24 1021 18 25 719 10 26 1134 27 27 932 20 28 1069 22 29 904 20 30 839 23 31 998 20 32 672 17 33 1199 26 34 775 22 35 1195 31 36 795 15 37 776 18 38 888 19 39 967 22 40 915 23 41 792 18 42 663 20 43 745 13 44 615 14 45 844 18 46 745 15 47 950 24 48 967 21 49 1258 27 50 983 21 51 915 21 52 1041 19 53 902 25 54 932 23 55 858 16 56 966 22 57 784 18 58 1082 27 59 868 20 60 992 24
In: Statistics and Probability
Over a five-year period, the quarterly change in the price per share of common stock for a major oil company ranged from -8% to 12%. A financial analyst wants to learn what can be expected for price appreciation of this stock over the next two years. Using the fiveyear history as a basis, the analyst is willing to assume that the change in price for each quarter is uniformly distributed between -8% and 12%. Use simulation to provide information about the price per share for the stock over the coming two-year period (eight quarters).
(a) | Use the random numbers 0.52, 0.99, 0.12, 0.15, 0.50, 0.77, 0.40, and 0.52 to simulate the quarterly price change for each of the eight quarters. |
If required, round your answers to one decimal places. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) |
Quarter | r | Return % |
---|---|---|
1 | 0.52 | % |
2 | 0.99 | % |
3 | 0.12 | % |
4 | 0.15 | % |
5 | 0.5 | % |
6 | 0.77 | % |
7 | 0.4 | % |
8 | 0.52 | % |
In: Statistics and Probability
Evaluate and provide examples of the differences between using the general addition rule and conditional probability. In what situations are the approaches most applicable? Provide an example of appropriate use of each approach.
In: Statistics and Probability
Perform the hypothesis tests below, show your steps and calculations. Identify the distribution that you will be using for each one. Please remember to draw your conclusions and interpret your decisions
1-According to the National Coalition on Health Care, the mean annual premium for an employer health plan covering a family of four cost $11,500 in 2007. A random sample of 100 families of four taken this year showed a mean annual premium of $11,750. Assuming $1500 = , test whether the mean annual premium has increased, using a 0.05 significant level. Use the p-value method
2- Health issues due to being overweight affect all age groups. Of children and adolescents 6 – 11 years of age, 18.8% are found to be overweight. A school district randomly sampled 130 students in this age group and found that 20 were considered overweight. At the 90% level of confidence, is this less than the national proportion? Use the p-value method.
In: Statistics and Probability
Question 2: For each of the following data sets, classify into the following, and give a brief explanation for each choice:
i. Quantitative or Qualitative
ii. Discrete or Continuous
iii. Nominal, Ordinal, Interval, or Ratio
a) Low temperature on the day of the winter solstice at a certain location, in °C, over 20 consecutive years.
b) Number of years, out of the last 20 years, when the low temperature on the day of the winter solstice was below 0 °C, at 50 different locations.
c) Rankings from 1-50, of coldest locations, based upon the number of years out of the last 20 years when the low temperature on the day of the winter solstice was below 0 °C, with 1 = location with most such days and 50 = location with fewest such days. Need help with this question thanks !!!
In: Statistics and Probability
You are interested in finding a 95% confidence interval for the average number of days of class that college students miss each year. The data below show the number of missed days for 13 randomly selected college students. Round answers to 3 decimal places where possible. 10 5 2 4 1 2 1 0 1 9 9 10 5 a. To compute the confidence interval use a distribution. b. With 95% confidence the population mean number of days of class that college students miss is between and days. c. If many groups of 13 randomly selected non-residential college students are surveyed, then a different confidence interval would be produced from each group. About percent of these confidence intervals will contain the true population mean number of missed class days and about percent will not contain the true population mean number of missed class days.
In: Statistics and Probability
AP Tests:
The effort to reward city students for passing Advanced Placement tests is part of a growing trend nationally and internationally. Financial incentives are offered in order to lift attendance and achievement rates. One such program in Dallas, Texas offers $100 for every AP test on which a student scores a three or higher. A wealthy entrepreneur decides to experiment with the same idea of rewarding students to enhance performance, but in Chicago. He offers monetary incentives to students at an inner-city high school. He takes a random sample of 122 students who took the AP tests. Twelve tests are scored at 5, the highest possible score. There are 60 tests with scores of 3 or 4, and 50 tests with failing scores of 1 or 2. Historically, of tests that are taken at this school each year, 8% score 5, 38% score 3 or 4, and the remaining are failing scores of 1 or 2.
incase you need previous info, i post all questions on, but you first need to answer part d. thx!
a) Provide a table showing the percentages of students at each score level before and after the
monetary incentive. Discuss what you are seeing.
b) Althoughwemayseeadifferenceinpercentageswewillneedtoshowthechangeisstatistically
significant. Conduct a hypothesis test that determines, at the 5% significance level, whether the monetary incentive has resulted in a higher proportion of scores of 5, the highest possible score. Show all your work and thoroughly describe your steps.
c) Conduct a hypothesis test that determines if the monetary incentive has decreased the proportion of failing scores of 1 and 2. Use a 5% significance level. Show all your work and thoroughly describe your steps.
d) Assestheeffectivenessofmonetaryincentivesinimprovingstudentachievement.
In: Statistics and Probability
The time between arrivals of parts in a single machine queuing system is uniformly distributed from 1 to 20 minutes (for simplicity round off all times to the nearest whole minute.) The part's processing time is either 8 minutes or 14 minutes. Consider the following case of probability mass function for service times: Prob. of processing (8 min.) = .5, Prob. of processing (14 min.) = .5 Simulate the case, you need to estimate average waiting time in system. Start the system out empty and generate the first arrival time, etc. You need to submit random numbers used (Use the third block of the Random number table to generate interarrival time and the fourth block to generate service time), interarrival time and service time for each part, discuss how you compute (10%) and (you need to generate 20 parts):
(1) clock arrival time for each part (10%),
(2) clock time starts to process each part (10%),
(3) clock departure time for each part (10%),
(4) total waiting time in system for each part (20%),
(5) plot average total waiting time in system versus part number (20%),
(6) plot average idle time of the machine versus part number (compute at the end of each processing) (20%)
In: Statistics and Probability
Please write in bold letters
THANKS
In Lesson Six you've explored discrete probability distributions. To demonstrate your understanding of these, respond to the prompts below.
In: Statistics and Probability