Question

In: Statistics and Probability

A) Test at 5% level individually if the mean percentage for each of the means is different from 10%.

countries sample size sample mean sample standard deviation
brazil n1=20 3.464294243 1.955414704
russia n2=20 0.555334519

0.275727133

A) Test at 5% level individually if the mean percentage for each of the means is different from 10%.

B) Obtain a 95% confidence interval for the difference of means for the two countries.

C) Test an appropriate pair of hypotheses for the two means at 5% level of significance

Solutions

Expert Solution

 


Related Solutions

Test if the median competency is similar or different from 10. Competency 5 10 11 11...
Test if the median competency is similar or different from 10. Competency 5 10 11 11 9 9 8 12 10 13 5 10 11 11 7 6
Are the mean rates of return different at the a=0.05 level of​ significance? Find the​ F-test...
Are the mean rates of return different at the a=0.05 level of​ significance? Find the​ F-test statistic for this data set using the data below. ​(Round to two decimal places as​ needed.) Financial Energy Utilities 10.73 12.89 11.98 15.12 13.96 5.86 17.21 6.33 13.67 5.03 11.19 9.9 19.5 18.93 3.95 8.21 20.73 3.44 10.38 9.6 7.11 6.75 17.4 15.7
In order to test ?0:?=.5 vs. ??:?<.5 using the .10 level of significance, a sample of...
In order to test ?0:?=.5 vs. ??:?<.5 using the .10 level of significance, a sample of ?=100 will be selected. Suppose that, in reality, the population proportion is .4. (a) The probability the test will commit a type II error is   .___ (b) The power of the test is ___ . Independent random samples, each containing 50 observations, were selected from two populations. The samples from populations 1 and 2 produced 30 and 25 successes, respectively. Test ?0:(?1−?2)=0 against ??:(?1−?2)≠0. Use...
QUESTION: A) The term "value" means different things to different people.DISCUSS (10 marks) B)In each of...
QUESTION: A) The term "value" means different things to different people.DISCUSS B)In each of the four cases (Type of Firm) below, explain why the use of the Discounted Cash Flow approachmight be difficult. i) Cyclical firm during recession ii)A private firm that the owner is planning to sale iii) Kenfront Ltd , which owns a lot of land that is valuable but not currently being utilized
Test the Business Major's hypothesis at the 5% significance level. The mean ‘Cost’ for a college...
Test the Business Major's hypothesis at the 5% significance level. The mean ‘Cost’ for a college is $160,000. Be sure to interpret your results. List your givens - n, standard deviation, alpha... Provide the formula you will use. Why are you using that formula? How does it fit the situation? Show how you have plugged in the numbers. What is your computed test statistic? Show the computation of the p value. Will you reject or fail to reject the null...
At an alpha level of 0.05, test to determine if the means of the three populations...
At an alpha level of 0.05, test to determine if the means of the three populations are equal. The data below is based on samples taken from three populations. Sample 1 Sample 2 Sample 3 60 84 60 78 78 57 72 93 69 66 81 66
Determine the critical value or values for a one-mean z-test at the 10% significance level if...
Determine the critical value or values for a one-mean z-test at the 10% significance level if the hypothesis test is left-tailed (Ha:μ<μ0). z0.10 1.282 z0.05 1.645 z0.025 1.960 z0.01 2.326 z0.005 2.576
At α = 10, test to see if the mean of the distribution from which this...
At α = 10, test to see if the mean of the distribution from which this data came is 2500 or is it higher? Assume the data is from a Normal Distribution. 2570 2593 2787 2510 2563 2383 2507 2601 2520 2468 A. give the null and alternative hypotheses B Give the critical values of the test C. Give the test statistic D. Give the p value E. Give the type of error you could have made
For each of the 2 majors, conduct a full hypothesis test at the 10% significance level:...
For each of the 2 majors, conduct a full hypothesis test at the 10% significance level: The mean ‘Cost’ for a college is $160,000. 2. For Business versus Engineering majors conduct a full, two-sample, full hypothesis test at the 5% significance level (assume the variances are not equal):The average ’30-Year ROI’ for Business majors is less than for Engineering Majors. 3.  In a highlighted box, explain how each hypothesis test contributes to the central question of which major would give the...
A hypothesis test with a 5% level of significance is designed to test the claim that...
A hypothesis test with a 5% level of significance is designed to test the claim that the mean weight of a new breed of chickens is greater than 6.00 pounds. A sample of 81 chickens is obtained and their mean weight is 6.20 pounds with a sample standard deviation of 0.50 pounds. No information is available concerning the standard deviation of the whole population of the new breed. What is the critical value (from Table A-3) and the test statistic...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT