1) What are the assumptions underlying the two-factor analysis
of variance.
2) Compare and contrast crossed...
1) What are the assumptions underlying the two-factor analysis
of variance.
2) Compare and contrast crossed factors and nested factors.
Solutions
Expert Solution
Ans.
1).
Analysis of variance (ANOVA) is an important statistical test
in any research field such as biology and economy, for the analysis
of data sets.
With the help of this method comparison between the data of
more then one groups can be made.
A two way ANOVA is a hypothesis-based test where every
sample is defined in two ways and result can be kept in two
categories.
It analyses the effect of two factors on a dependent
variable and also examine the influence of each of these
two factors on one another to asses their effect on continuous
variable.
Assumptions of two way ANOVA (two-factor analysis of
variance) ;
Dependent variable should be of continuous
nature and must be measurable on a scale
which can be subdivided through increments.
Categerisation of two independent variables in independent
groups.
Sample independency of each sample from the one other.
Data variance in the different groups should be identical.
Withdrawn of each sample from a normally distributed
population.
2). Differences between crossed factors and nested
factors ;
Any categorical independent variable is considered as a factor,
which is often altered in experiments or randomized designs.
Understanding of differences between crossed factors and nested
factors is a complex but essential statistical concept.
Differentiating the factors into cross or nested is important
in situations where two factors are involve, as it affects the
analysis.
Co-occurance of every category of one factor in design
with each category of the other factor, represent
crossing of two factors.
In crossed factors, in every combination of categories for two
other factors, there is atleast one observation.
Co-occurance of each category of first factor with only
category of other, represent a nested factor.
In nested factors, there is not the representation of all
combinations of categories.
An interaction can be calculated if two factors are
crossed where as such calculation is not possible
for nested factors as there is a lack of every combination
of one factor along every combination of other factor.
By running a cross tabulation,, it can be determined whether
the two factors in design are nested or crossed.
1. Compare and contrast the independent t-test and the analysis
of variance. How are they similar and how are they different. 2.
Come up with two hypothetical examples demonstrating this strategy
or come up with "real-world" application using your professional
life (i.e. how could you apply this in your work).
Compare and contrast the assumptions and policy recommendations
for two of the schools of thought (Keynesian/ New Keynesians,
Monetarism, New Classical, RBCT, ABCT) that we’ve discussed in
class. In your opinion, which of these schools of thought are most
useful for explaining short-term fluctuations in growth? Why?
What are the underlying assumptions of the Monetarist model and
the Mundell-Fleming model? Using graphical analysis, contrast the
differences in policy implications for these models.
Explain what interaction means in two-factor analysis of
variance. Your explanation needs to include how an interaction
differs from main effect. In particular, how the interpretation of
main effect differs when there is no interaction present and when
there is an interaction present.
a. Compare and contrast the assumptions of the Malthus and Solow
models of growth and their conclusions about the determinants of
growth. How do the models’ predictions relate to the empirical
evidence on growth?
b. Consider the Solow model. Consider an economy with capital
per worker below the steady state level. Show in a graph and
explain in words what will happen to the economy over time.
1.
Distinguish between microeconomics and macroeconomics. Do you think
that the assumptions underlying the two are the same? State the
assumptions briefly and evaluate them from a welfare
viewpoint.?
can
u add an example
1. What are the major hormones of the duodenum and their
roles?
2. Compare and contrast the large vs small intestine (2 alike, 2
different seems good)
3. Describe lactose intolerance and its treatment /
management
1. What are the assumptions for various forms of
hypothesis testing?
2. Compare the sampling distribution with the population
distribution. Consider how variance may or may not differ between
the two.
3. If we reject a null hypothesis of no difference, what
are the odds that we made a correct decision?
4. Type I and Type II error. How is
alpha related to this? How is the critical region related to type
II error? If the null is true, what...