Calculate the Z-score for each data point. | |||
Employee | Salary | Years of Employment | Z-score |
Sarah | $ 62,500.00 | 3 | |
Amanda | $ 74,250.00 | 5 | |
Rachel | $ 68,500.00 | 3 | |
Brad | $ 55,000.00 | 2 | |
Josh | $ 61,000.00 | 4 | |
Jim | $ 32,000.00 | 2 | |
Cheri | $ 71,500.00 | 2 | |
Danuta | $ 90,000.00 | 7 | |
Evan | $ 76,500.00 | 3 |
1.Based on the z-scores, what you say about the salaries of the employees at your company?
2. Based on the z-scores and the overall salary information, are there other criteria you would want to ask about the employees? Why would it be important to know?
3.Say you find out that Jim is the office assistant, while the other employees are all engineers. How would this change the way you look at the data?
4. Would you want to calculate the z-scores differently? Why?
5. Say you want to compare only the engineer's salaries. Calculate the z-scores below. Show your calculations. What do you notice about the new z-scores?
In: Statistics and Probability
In a study of the accuracy of fast food drive-through orders,
Restaurant A had 211 accurate orders and 73 that were not
accurate.
a. Construct a 95% confidence interval estimate of the percentage
of orders that are not accurate. (Round to three decimal places as
needed.)
b. Compare the results from part (a) to this 95% confidence
interval for the percentage of orders that are not accurate at
Restaurant B: 0.235<p<0.325. What do you conclude?
In: Statistics and Probability
Question 1 – High Technology Stocks [10 marks]
A random sample of high technology stocks was followed over a month to determine whether there has been an overall increase in the price of hi-tech stock shares (from the cost price per share a month ago to the current market price per share). Refer to Appendix A for the data and analysis.
Appendix A
MarketPrice |
Costprice |
Diff |
63.4 |
88.96 |
-25.56 |
8.92 |
8.43 |
0.49 |
6.12 |
6.37 |
-0.25 |
15.771 |
11.5 |
4.271 |
47.415 |
44.94 |
2.475 |
3.22 |
3.55 |
-0.33 |
93.12 |
94.44 |
-1.32 |
41.624 |
28.17 |
13.454 |
45.95 |
38.79 |
7.16 |
5.41 |
5.23 |
0.18 |
6.05 |
4.61 |
1.44 |
3.68 |
4.01 |
-0.33 |
4.04 |
6.55 |
-2.51 |
23.1 |
20.44 |
2.66 |
Boxplot of MarketPrice, Costprice
Two-Sample T-Test and CI: MarketPrice, Costprice
Two-sample T for MarketPrice vs Costprice
N Mean StDev SE Mean
MarketPrice 14 26.3 27.9 7.5
Costprice 14 26.1 30.8 8.2
Difference = mu (MarketPrice) - mu (Costprice)
Estimate for difference: 0.130714
90% lower bound for difference: -14.501981
T-Test of difference = 0 (vs >): T-Value = XXXX P-Value = XXXX DF = 25
Paired T-Test and CI: MarketPrice, Costprice
Paired T for MarketPrice - Costprice
N Mean StDev SE Mean
MarketPrice 14 26.2729 27.9076 7.4586
Costprice 14 26.1421 30.8404 8.2425
Difference 14 0.130714 8.446491 2.257420
90% lower bound for mean difference: -2.917189
T-Test of mean difference = 0 (vs > 0): T-Value = XXXX P-Value = XXXX
Mann-Whitney Test and CI: MarketPrice, Costprice
N Median
MarketPrice 14 12.35
Costprice 14 9.97
Point estimate for η1 - η2 is 0.08
90.6 Percent CI for η1 - η2 is (-7.46,12.23)
W = 204.0 (test statistic)
Test of η1 = η2 vs η1 > η2 is significant at 0.4908 (p-value)
Note: η in the output above denotes “true median”.
Wilcoxon Signed Rank Test: Diff
Test of median = 0.000000 versus median > 0.000000
N
for Wilcoxon Estimated
N Test Statistic p-value Median
Diff 14 14 67.0 0.190 0.8805
In: Statistics and Probability
Give an example of a business question that could be answered through hypothesis-driven statistical methods (i.e., correlations, t-tests, regression analysis, and other methods you studied in your statistics course). These tend to be fairly simple, well-defined questions about comparisons and relationships in the data, such as which of two marketing slogans generates more sales. If you were the analyst, which statistical method would you use to answer this question?
In: Statistics and Probability
1. Researchers obtained a sample of 36 college students who all have the same history instructor this semester. Half of the students were shown a 2-min video that claimed the purpose of education was to help students “learn how to learn” so that they can enjoy a lifetime of learning after college. other half of students were shown a 2-min video that claimed the purpose of education was to teach facts to students. After watching the 2-min videos, the students were asked to rate their history instructor using a 10-point scale, 1 = very bad teacher to 10 = very good teacher. The mean and standard deviations for each group of 18 students are provided below. Use the provided information to answer the next four questions. Use an α of .05, two tailed.
“learn to learn” Group 1: M1 = 5.9, SD1 = 1.8, n1 = 18
“learn facts” Group 2: M2 = 7.2, SD2 = 1.7, n2 = 18
Compute the effect size of this study.
a. |
6.13 |
|
b. |
4.93 |
|
c. |
2.04 |
|
d. |
3.07 |
|
e. |
.058 |
|
f. |
0.74 |
|
g. |
0.34 |
2. Researchers obtained a sample of 36 college students who all have the same history instructor this semester. Half of the students were shown a 2-min video that claimed the purpose of education was to help students “learn how to learn” so that they can enjoy a lifetime of learning after college. The other half of students were shown a 2-min video that claimed the purpose of education was to teach facts to students. After watching the 2-min videos, the students were asked to rate their history instructor using a 10-point scale, 1 = very bad teacher to 10 = very good teacher. The mean and standard deviations for each group of 18 students are provided below. Use the provided information to answer the next four questions. Use an α of .05, two tailed.
“learn to learn” Group 1: M1 = 5.9, SD1 = 1.8, n1 = 18
“learn facts” Group 2: M2 = 7.2, SD2 = 1.7, n2 = 18
How large is the effect size?
a. |
small |
|
b. |
small-medium |
|
c. |
medium |
|
d. |
medium-large |
|
e. |
large |
3. Researchers obtained a sample of 36 college students who all have the same history instructor this semester. Half of the students were shown a 2-min video that claimed the purpose of education was to help students “learn how to learn” so that they can enjoy a lifetime of learning after college. The other half of students were shown a 2-min video that claimed the purpose of education was to teach facts to students. After watching the 2-min videos, the students were asked to rate their history instructor using a 10-point scale, 1 = very bad teacher to 10 = very good teacher. The mean and standard deviations for each group of 18 students are provided below. Use the provided information to answer the next four questions. Use an α of .05, two tailed.
“learn to learn” Group 1: M1 = 5.9, SD1 = 1.8, n1 = 18
“learn facts” Group 2: M2 = 7.2, SD2 = 1.7, n2 = 18
Compute 95% CI for the mean difference between the “learn how to learn” and “teach facts” groups.
a. |
[−2.49, −0.11] |
|
b. |
[−2.06, 0.54] |
|
c. |
[−2.29, −0.31] |
|
d. |
[0, 2.60] |
|
e. |
[−3.38, −0.77] |
In: Statistics and Probability
Two tests (A and B) for osteoporosis have the following characteristics:
If the nurse reversed the order of the testing (i.e. used Test B first and the administered Test A to those who were positive on Test B), what would happen to the net specificity?
a. decrease
b. stay the same
c. increase
d. not enough information to tell
In: Statistics and Probability
Thompson Photo Works purchased several new, highly sophisticated processing machines. The production department needed some guidance with respect to qualifications needed by an operator. Is age a factor? Is the length of service as an operator (in years) important? In order to explore further the factors needed to estimate performance on the new processing machines, four variables were listed: |
X1 = Length of time an employee was in the industry |
X2 = Mechanical aptitude test score |
X3 = Prior on-the-job rating |
X4 = Age |
Performance on the new machine is designated Y. |
Thirty employees were selected at random. Data were collected for each, and their performances on the new machines were recorded. A few results are: |
Name | Performance on New Machine, Y |
Length of Time in Industry, X1 |
Mechanical Aptitude Score, X2 |
Prior on-the-Job Performance, X3 |
Age, X4 |
Mike Miraglia | 111 | 7 | 315 | 127 | 50 |
Sue Trythall | 112 | 2 | 306 | 127 | 29 |
The equation is: |
Yˆ Y^ = 11.5 + 0.9X1 + 0.886X2 + 0.212X3 + 0.003X4 |
a. | What is this equation called? |
(Click to select)Multiple regression equation, Multiple standard error of estimate, Coefficient of determination |
b. | How many dependent and independent variables are there? |
(Click to select)One, Two, Three, Four, Five dependent, (Click to select)One, Two, Three, Four, Five independent |
c. | What is the number 0.212 called? |
(Click to select)Regression coefficient, Coefficient of determination, Homoscedasticity, Multicollinearity |
d. |
As age increases by one year, how much does estimated performance on the new machine increase? (Round your answer to 3 decimal places.) |
e. |
Carl Knox applied for a job at Photo Works. He has been in the business for 3 years and scored 305 on the mechanical aptitude test. Carl’s prior on-the-job performance rating is 95, and he is 30 years old. Estimate Carl’s performance on the new machine. (Round your answer to 3 decimal places.) |
In: Statistics and Probability
A researcher wants to examine the production capability of three manufacturing plants that utilize different production methods of the same part in order to select a plant as a supplier for a company. The effectiveness of each plant will be measured in the number of parts it can produce in an hour. Representative hourly production amounts are recorded from each plant over a period of 12 hours and provided to the researcher.
The results of each of the three plants are as follows:
Plant A |
Plant B |
Plant C |
131 |
141 |
108 |
111 |
165 |
185 |
165 |
174 |
190 |
188 |
185 |
206 |
175 |
172 |
175 |
173 |
188 |
197 |
188 |
145 |
186 |
186 |
177 |
221 |
145 |
162 |
214 |
132 |
151 |
211 |
128 |
147 |
214 |
123 |
133 |
208 |
In: Statistics and Probability
The office occupancy rates were reported for four California metropolitan areas. Do the following data suggest that the office vacancies were independent of the metropolitan area? Run a hypothesis test at alpha of 0.05. What is your conclusion?
Observed Frequencies Occupancy Status/Metropolitan Area Los Angeles San Diego San Francisco San Jose Total Occupied 160 116 192 174 642 Vacant 40 34 33 26 133 Total 200 150 225 200 775
Please explain in the excel sheet
In: Statistics and Probability
A coffee manufacturer is interested in whether the mean daily consumption of regular-coffee drinkers is less than that of decaffeinated-coffee drinkers. Assume the population standard deviation for those drinking regular coffee is 1.21 cups per day and 1.40 cups per day for those drinking decaffeinated coffee. A random sample of 54 regular-coffee drinkers showed a mean of 4.59 cups per day. A sample of 49 decaffeinated-coffee drinkers showed a mean of 5.64 cups per day. Use the 0.100 significance level. a) Is this a one tailed or two tailed test? b) State the decision rule. c) Compute the value of the test statistic. d) What is the P-value? e) What is your decision about Ho?
In: Statistics and Probability
In: Statistics and Probability
Please create and solve a Factor Weighting problem for possible addition to the primer.
Thank you.
In: Statistics and Probability
**A company developed two comercials, A and B, to advertise for their product. Two random test groups were put together each with 100 individuals and each group watched one comercial and states if they would buy the product. Group A had 25 of the individuals say they would buy the product and Group B had 20 individuals say they would buy the product. It was concluded that commercial A was more effective.**
Need to do hypothesis testing for both samples
In: Statistics and Probability
Problem 4. Suppose the weights of seventh-graders at a certain school vary according to a Normal distribution, with a mean of 100 pounds and a standard deviation of 7.5 pounds. A researcher believes the average weight has decreased since the implementation of a new breakfast and lunch program at the school. She finds, in a random sample of 35 students, an average weight of 98 pounds.
What is the P-value for an appropriate hypothesis test of the researcher’s claim?
In: Statistics and Probability
A poll reported that only 580 out of a total of 1649 adults in a particular region said they had a "great deal of confidence" or "quite a lot of confidence" in the public school system. This was down 5 percentage points from the previous year. Assume the conditions for using the CLT are met. Complete parts (a) through (d) below.
1. Find a 95% confidence interval for the proportion that express a great deal of confidence or quite a lot of confidence in the public schools, and interpret this interval. (____,____) (3 decimels
2. We are Answer ____% confident that the population proportion of adults having a great deal or quite a lot of confidence in the public schools is between Answer ___ and ____.
3. Find an 80% confidence interval and interpret it. The 80% confidence interval for the proportion that express a great deal of confidence or quite a lot of confidence in the public schools is Answer (____,____) (Round 3 decimal places)
4. Find the width of each interval by subtracting the lower proportion from the upper proportion, and state which interval is wider.The width of the 95% confidence interval is (Answer) ____ and the width of the 80% confidence interval is (Answer) ____ The 95% interval is wider. (Round to three decimal places as needed.)
In: Statistics and Probability