The data in the accompanying table represent the rate of return of a certain company stock for 11 months, compared with the rate of return of a certain index of 500 stocks. Both are in percent. Complete parts (a) through (d) below.
Click the icon to view the data table.(a) Treating the rate of return of the index as the explanatory variable, x, use technology to determine the estimates of
beta 0β0
and
beta 1β1.
The estimate of
beta 0β0
is
nothing.
(Round to four decimal places as needed.)
The estimate of
beta 1β1
is
nothing.
(Round to four decimal places as needed.)
(b) Assuming the residuals are normally distributed, test whether a linear relation exists between the rate of return of the index, x, and the rate of return for the company stock, y, at the
alphaαequals=0.10
level of significance. Choose the correct answer below.
State the null and alternative hypotheses.
A.
Upper H 0H0:
beta 1β1equals=0
Upper H 1H1:
beta 1β1greater than>0
B.
Upper H 0H0:
beta 1β1equals=0
Upper H 1H1:
beta 1β1not equals≠0
C.
Upper H 0H0:
beta 0β0equals=0
Upper H 1H1:
beta 0β0not equals≠0
D.
Upper H 0H0:
beta 0β0equals=0
Upper H 1H1:
beta 0β0greater than>0
Determine the P-value for this hypothesis test.
P-valueequals=nothing
(Round to three decimal places as needed.) State the appropriate conclusion at the
alphaαequals=0.10
level of significance. Choose the correct answer below.
A.Reject
Upper H 0H0.
There is not sufficient evidence to conclude that a linear relation exists between the rate of return of the index and the rate of return of the company stock.
B.Reject
Upper H 0H0.
There is sufficient evidence to conclude that a linear relation exists between the rate of return of the index and the rate of return of the company stock.
C.Do not reject
Upper H 0H0.
There is not sufficient evidence to conclude that a linear relation exists between the rate of return of the index and the rate of return of the company stock.
D.Do not reject
Upper H 0H0.
There is sufficient evidence to conclude that a linear relation exists between the rate of return of the index and the rate of return of the company stock.
(c) Assuming the residuals are normally distributed, construct a 90% confidence interval for the slope of the true least-squares regression line.
Lower bound:
nothing
(Round to four decimal places as needed.) Upper bound:
nothing
(Round to four decimal places as needed.) (d) What is the mean rate of return for the company stock if the rate of return of the index is
3.153.15%?
The mean rate of return for the company stock if the rate of return of the index is
3.153.15%
is
nothing%.
(Round to three decimal places as needed.)
Click to select your answer(s).
Rate of Return
Month |
Rates of return of theindex, x |
Rates of return of the company stock, y |
|
---|---|---|---|
Apr-07 |
4.334.33 |
3.283.28 |
|
May-07 |
3.253.25 |
5.095.09 |
|
Jun-07 |
negative 1.78−1.78 |
0.540.54 |
|
Jul-07 |
negative 3.20−3.20 |
2.882.88 |
|
Aug-07 |
1.291.29 |
2.692.69 |
|
Sept-07 |
3.583.58 |
7.417.41 |
|
Oct-07 |
1.481.48 |
negative 4.83−4.83 |
|
Nov-07 |
negative 4.40−4.40 |
negative 2.38−2.38 |
|
Dec-07 |
negative 0.86−0.86 |
2.372.37 |
|
Jan-08 |
negative 6.12−6.12 |
negative 4.27−4.27 |
|
Feb-08 |
negative 3.48−3.48 |
negative 3.77−3.77 |
PrintDone
In: Statistics and Probability
In a random sample of males, it was found that 26 write with their left hands and 214 do not. In a random sample of females, it was found that 66 write with their left hands and 436 do not. Use a 0.05 significance level to test the claim that the rate of left-handedness among males is less than that among females. Complete parts (a) through (c) below.
In: Statistics and Probability
Let Y be the sum of two fair six-sided die.
(a) Find the PMF of Y.
(b) What is the expected value of Y ?
(c ) What is the standard deviation of Y ?
(d) Interpret the standard deviation you found in the last part in context of the experiment.
(e) Find the CDF of Y.
(f) Use the CDF of Y to find the probability that the sum of the dice will be strictly between six and ten. Answers calculated using the PDF will receive no credit.
In: Statistics and Probability
Describe the two ways to test for multicollinearity. Which one do you prefer?
In: Statistics and Probability
Source: Dingley, C., & Roux, G. (2014). The role of inner strength in quality of life and self-management in women survivors of cancer. Research in Nursing & Health, 37(1), 32-41.
Introduction
Dingley and Roux (2014) studied inner strength, depression symptoms, and selected demographic variables to predict quality of life (QOL) and self-management in women survivors of cancer. This predictive correlational study was conducted with a convenience sample of 107 women with cancer. “The strongest predictors of QOL were depressive symptoms, inner strength, and time since diagnosis. The strongest predictors of self-management were depressive symptoms and inner strength” (Dingley & Roux, 2014, p. 32).
Relevant Study Results
Selected instruments used to measure the study variables in the Dingley and Roux (2014) study are presented in this section with a focus on reliability testing.
“Depression. The Center for Epidemiological Studies Depression Scale (CES-D; Radloff, 1977) was used to assess depressive symptomatology. The CES-D is one of the most widely used self-report instruments for epidemiologic studies of depression and has been used in primary care, psychiatric, and related clinical and forensic settings. The 20-item instrument measures depressive affect, somatic symptoms, positive affect, and interpersonal relations. For each experience related to depression, the respondent selects the value (0, 1, 2, or 3) that best describes how frequently the experience occurred during the previous week. Total scores of 15 to 21 indicate mild to moderate depressive symptoms; scores over 21 indicate the respondent has experienced major depressive symptoms. Cronbach’s alpha in this study was 0.90.
Inner strength. The Inner Strength Questionnaire (ISQ) is a 27-item self-report instrument written at a fourth grade level (by Flesch Kincaid Grade Index). Respondents are asked to indicate their level of agreement with each item statement using a 5-point Likert-type scale (strongly agree, agree, slightly agree, disagree, strongly disagree). The ISQ assesses four factors representing dimensions of the theory (i.e., Anguish and Searching, Connectedness, Engagement, and Movement). Total scores can be calculated, as well as scores for each subscale. The maximum possible total score is 135, with higher scores indicating a higher presence of inner strength. Each sub-scale of the ISQ had a Cronbach’s alpha > 0.80 (Anguish and Searching 0.85, Connectedness 0.95, Engagement 0.85, and Movement 0.83). Internal consistency reliability of the total ISQ was α = 0.91. Cronbach’s alpha for the present study was 0.89.
Quality of life and spiritual well-being. The tool selected to measure QOL was the Functional Assessment of Cancer Therapy—Spiritual WELL-Being (FACTSp), one instrument from the FACIT Measurement System, a collection of QOL questionnaires targeted at the management of chronic illness. The FACIT measurement system is considered appropriate for use with patients with any form of cancer as well as other chronic illness conditions (e.g., HIV/AIDS, multiple sclerosis) and in the general population using a slightly modified version. The FACT-Sp incorporates the domain of spiritual well-being (SpWB) in addition to the four primary domains of physical (PWB), social/family (SWB), emotional (EWB), and functional well-being (FWB). The SpWB scale is 12 questions that measure a sense of meaning and peace and the role of faith in illness… The SpWB had a Cronbach’s alpha of 0.93 in the study sample. Cronbach’s alphas for the subscales were PWB = 0.85, SWB = 0.80, EWB = 0.79, FWB = 0.88, and SpWB = 0.83” (Dingley & Roux, 2014, pp. 35-36).
Based on the information provided from the Dingley and Roux (2014) study, which scale has the lowest reliability or Cronbach’s alpha coefficient? What random error did this scale have for this study? Was this a study strength or weakness?
In: Statistics and Probability
What is hypothesis testing? Explain fully and provide a real-world example.
In: Statistics and Probability
To demonstrate flavor aversion learning (that is, learning to dislike a flavor that is associated with becoming sick), researchers gave one group of laboratory rats an injection of lithium chloride immediately following consumption of saccharin-flavored water. Lithium chloride makes rats feel sick. A second control group was not made sick after drinking the flavored water. The next day, both groups were allowed to drink saccharin-flavored water. The amounts consumed (in milliliters) for both groups during this test are given below.
Amount
Consumed by Rats That Were Made Sick (n = 4) |
Amount
Consumed by Control Rats (n = 4) |
---|---|
2 | 7 |
4 | 13 |
5 | 11 |
3 | 8 |
(a) Test whether or not consumption of saccharin-flavored water
differed between groups using a 0.05 level of significance. State
the value of the test statistic. (Round your answer to three
decimal places.)
State the decision to retain or reject the null hypothesis.
Retain the null hypothesis.Reject the null hypothesis.
(b) Compute effect size using eta-squared (η2).
(Round your answer to two decimal places.)
η2 =
In: Statistics and Probability
In a study of treatments for very painful "cluster" headaches,
159159
patients were treated with oxygen and
154154
other patients were given a placebo consisting of ordinary air. Among the
159159
patients in the oxygen treatment group,
111111
were free from headaches 15 minutes after treatment. Among the
154154
patients given the placebo,
3434
were free from headaches 15 minutes after treatment. Use a
0.050.05
significance level to test the claim that the oxygen treatment is effective. Complete parts (a) through(c) below.
In: Statistics and Probability
In: Statistics and Probability
In a survey of 3,778 adults concerning complaints about restaurants, 1,436 complained about dirty or ill-equipped bathrooms and 1,213 complained about loud or distracting diners at other tables. Complete parts (a) through (c) below.
a. Construct a 90% confidence interval estimate of the population proportion of adults who complained about dirty or ill-equipped bathrooms.
b. Construct a 90% confidence interval estimate of the population proportion of adults who complaied about loud or distracting diners at other tables.
(round to 4 decimal placed)
In: Statistics and Probability
Exercise 13-60 (LO13-2, LO13-3, LO13-5)
Waterbury Insurance Company wants to study the relationship between the amount of fire damage and the distance between the burning house and the nearest fire station. This information will be used in setting rates for insurance coverage. For a sample of 30 claims for the last year, the director of the actuarial department determined the distance from the fire station (x) and the amount of fire damage, in thousands of dollars (y). The MegaStat output is reported below.
ANOVA table | |||||
Source | SS | df | MS | F | |
Regression | 1,870.5782 | 1 | 1,870.5782 | 41.23 | |
Residual | 1,270.4934 | 28 | 45.3748 | ||
Total | 3,141.0716 | 29 | |||
Regression output | |||
Variables | Coefficients | Std. Error | t(df=28) |
Intercept | 13.4867 | 3.1191 | 2.21 |
Distance–X | 5.2717 | 0.8211 | 6.42 |
a. Write out the regression equation
How much damage would you estimate for a fire 4 miles from the nearest fire station? (Round your answer to the nearest dollar amount.)
Determine and interpret the coefficient of determination. (Round your answer to 3 decimal places.)
c-2. Fill in the blank below. (Round your answer to one decimal place.)
Determine the correlation coefficient. (Round your answer to 3 decimal places.)
State the decision rule for 0.01 significance level: H0 : ρ = 0; H1 : ρ ≠ 0. (Negative value should be indicated by a minus sign. Round your answers to 3 decimal places.)
Compute the value of the test statistic. (Round your answer to 2 decimal places.)
In: Statistics and Probability
5. A professor theorizes that science students perform differently on multiple choice tests than on essay tests. The professor recruited 6 science students and had them take both types of test. Their test scores were recorded. The data are given in the following table. Based on the data, can you support the professor’s theory? Perform an appropriate test at α = 0.01.
Student |
1 |
2 |
3 |
4 |
5 |
6 |
Multiple choice |
8 |
7 |
9 |
4 |
6 |
5 |
Essay |
5 |
8 |
7 |
3 |
9 |
4 |
one-sample Z-test one-sample t-test independent-samples t-test paired-samples t-test
In: Statistics and Probability
A researcher is interested in the effects of a psychedelic drug in treating post-traumatic stress disorder (PTSD). To assess if the psychedelic may be effective in attenuating the severity of PTSD symptoms, she performs a pilot experiment to compare the effects of the psychedelic to the commonly‑prescribed selective serotonin reuptake inhibitor (SSRI) Sertraline in individuals diagnosed with PTSD. The amount of the psychedelic was selected based on an online forum in which recreational drug users describe their drug-taking experiences. Previous research has indicated that 100 mg Sertraline is an effective amount for the general population in clinical settings. Individuals with PTSD were randomly assigned to one of two treatment conditions: Psychedelic or Sertraline. The dependent variable is a score on the PTSD Checklist (PCL); a lower score corresponds to fewer PTSD symptoms. The scores are presented in the table below.
Psychedelic Group (25 mg) |
Sertraline Group (100 mg) |
||
Subject |
PCL scores |
Subject |
PCL scores |
1 |
5 |
12 |
27 |
2 |
4 |
13 |
18 |
3 |
5 |
14 |
13 |
4 |
7 |
15 |
13 |
5 |
8 |
16 |
12 |
6 |
10 |
17 |
11 |
7 |
6 |
18 |
7 |
8 |
7 |
19 |
23 |
9 |
7 |
20 |
10 |
10 |
8 |
21 |
8 |
11 |
5 |
22 |
8 |
Report the 95% confidence interval for the sertraline group here: (____, ____).
Excel: use the =confidence.t(alpha, SD of the group, sample size) function to determine the confidence interval for each group: this will give you the margin of error. Also, compute the means of each group. Next, add and subtract the margin of error to the mean of each group to get the set of confidence limits. Inspect the confidence intervals and determine if there is a statistically significant difference between the two groups. Are these results consistent with the results you reported in question 3 above?
There is a ___________ probability of obtaining a mean difference at least as large as ________________ units under the condition that the null hypothesis is true.
Now imagine that this was a one-group, pretest-posttest design. The severity of the volunteers’ PTSD symptoms was measured using the PCL before psychedelic administration (pretest) and then afterwards (posttest). Those scores are presented below.
Subject |
Pretest |
Posttest |
1 |
25 |
15 |
2 |
24 |
18 |
3 |
25 |
13 |
4 |
27 |
13 |
5 |
28 |
12 |
6 |
30 |
11 |
7 |
26 |
7 |
8 |
27 |
23 |
9 |
27 |
25 |
10 |
28 |
18 |
11 |
25 |
22 |
In: Statistics and Probability
Exercise 13-58 (LO13-2, LO13-3)
A consumer buying cooperative tested the effective heating area of 20 different electric space heaters with different wattages. Here are the results.
Heater | Wattage | Area | ||
1 | 750 | 168 | ||
2 | 750 | 58 | ||
3 | 1,500 | 56 | ||
4 | 750 | 51 | ||
5 | 1,000 | 237 | ||
6 | 1,250 | 105 | ||
7 | 1,000 | 139 | ||
8 | 2,000 | 197 | ||
9 | 1,250 | 80 | ||
10 | 1,500 | 166 | ||
11 | 750 | 75 | ||
12 | 1,750 | 292 | ||
13 | 2,000 | 49 | ||
14 | 1,250 | 78 | ||
15 | 1,750 | 269 | ||
16 | 750 | 162 | ||
17 | 1,250 | 171 | ||
18 | 1,500 | 147 | ||
19 | 2,000 | 244 | ||
20 | 1,000 | 73 | ||
Compute the correlation between the wattage and heating area. Is there a direct or an indirect relationship? (Round your answer to 4 decimal places.)
Conduct a test of hypothesis to determine if it is reasonable that the coefficient is greater than zero. Use the 0.050 significance level. (Round intermediate calculations and final answer to 3 decimal places.)
Develop the regression equation for effective heating based on wattage.
In: Statistics and Probability
A new school district superintendent preparing to reallocate resources for physically impaired students wanted to know if the schools in the district differed in the distribution of physically impaired. The superintendent tested samples of 20 students from each of the five schools and found 5 physically impaired (and 15 unimpaired) students at School 1, 5 physically impaired (and 15 unimpaired) at School 2, 6 (and 14) at School 3, 4 (and 16) at School 4, and 7 (and 13) at School 5. Using the .05 significance level, test whether the distribution of physically impaired students is different at different schools. Figure the chi-square for this data set yourself (round to two decimal places). What is the chi-square obtained?
In: Statistics and Probability