Question

In: Statistics and Probability

1. Alice thinks that the more often you read or watch the news, the more likely...

1. Alice thinks that the more often you read or watch the news, the more likely you are to vote. She asks five people how many days per week they read or watch the news (X) and how likely they are to vote on a scale from 1 to 10 (Y).
a. (14 points) Calculate the correlation between the two variables:
X Y
3 2
2 1
1 3
5 8
6 9

b. (2 points) How much of the variability in likelihood to vote is explained by frequency of reading or watching the news?

2. Over the years, Coach Bob has developed a formula to predict how many of the country’s top 100 football recruits will sign with his university based on how many games his team won that year. The formula is:
Y = 2(X) – 14
a. (6 points) How many top recruits would be predicted for seasons that ended with:
12 wins?
10 wins?
7 wins?
b. (2 points) What is the predictor variable? What is the criterion variable?
c. (2 points) What is the slope? What is the y-intercept?
d. (2 points) Is the correlation between games won and number of top recruits signed positive or negative? How do we know?

3. (6 points) Calculate the standard error for the following samples. The population standard deviation for each sample is 15.
a. N = 4
b. N = 16
c. N = 225

4. a. (3 points) If we know the population mean is 50 and the standard error of the mean is .5, what is the z-score for a sample mean of 51? What is the likelihood of getting a sample mean of 51 or more?   

b. (3 points) If we know the population mean is 20 and the standard error of the mean is 5, what is the z-score for a sample mean of 105? What is the likelihood of getting a sample mean of 105 or higher?

Solutions

Expert Solution

Solution:

Question 1)

Given:

X: Number of days per week they read or watch the news

Y: how likely they are to vote on a scale from 1 to 10

X Y
3 2
2 1
1 3
5 8
6 9

Part a) Calculate the correlation between the two variables:

Formula for correlation :

where

Thus we need to make following table:

X Y X^2 Y^2 XY
3 2 9 4 6
2 1 4 1 2
1 3 1 9 3
5 8 25 64 40
6 9 36 81 54

Thus

Thus

Thus the correlation between the two variables is r = 0.8860

Part b) How much of the variability in likelihood to vote is explained by frequency of reading or watching the news?

Coefficient of determination is the amount of variation explained in dependent variable by variation is independent variable.

Thus we need to find :

Coefficient of determination = r2

Coefficient of determination = 0.88602

Coefficient of determination = 0.7849

Coefficient of determination = 78.49%

Thus about 78.49% of the variability in likelihood to vote is explained by frequency of reading or watching the news.


Related Solutions

Roxaboxen by Alice Mclerran. Picture Book about Imagination Read Aloud 1- Drawing on the information you...
Roxaboxen by Alice Mclerran. Picture Book about Imagination Read Aloud 1- Drawing on the information you have learned about spaces, environments, and materials, answer the following questions: How does the environment in Roxaboxen make you feel? How do you think the environment makes the children feel? What types of materials do the children have available to them? How much free time is given to the children to explore and play? How does this space promote creativity and a sense of...
As you know, the news is often filled with stories of product or service failures. At...
As you know, the news is often filled with stories of product or service failures. At first glance, it may be difficult for a marketer to pinpoint the cause of the product's failure. As such, prior to a product launch, it is important for marketers to initiate a situational analysis and a SWOT analysis. Based on your understanding of both of these analytical endeavors, which steps are essential to avoiding a product or service failure in the marketplace? Justify your...
Question 7 You read in the news that in the month of March the labor force...
Question 7 You read in the news that in the month of March the labor force participation rate in the US suffered a sharp decline to 62.7% and the headline unemployment rate (the one commonly used) shot up from 3.5% to 4.4%. Economists think this sharp decline in the participation rate suggests that the U.S. headline unemployment rate of 4.4% is significantly understating the deterioration in the economy. a) Is it possible that the headline participation rate decreases while, simultaneously,...
1. It is quite interesting that most of us are likely to be able to read...
1. It is quite interesting that most of us are likely to be able to read and comprehend words, even if the alphabets of these words are scrambled (two of them) given the fact that the first and last alphabets remain the same. For example, “I dn'ot gvie a dman for a man taht can olny sepll a wrod one way.” (Mrak Taiwn) “We aer all moratls, Hamrbee is an immoratl, and tehre is no question abuot it.” (Kevin Unknown)...
As you read the business news, you come across an advertisement for a bond mutual fund...
As you read the business news, you come across an advertisement for a bond mutual fund – a fund that pools the investments from a large number of people and then purchases bonds, giving the individuals “shares” in the fund. The company claims their fund has had a return of 13½ percent over the last year. But you remember that interest rates have been pretty low – 5 percent at most. A quick check of the numbers in the business...
Have you ever read something that you suspected was fake news? In this week’s reading you...
Have you ever read something that you suspected was fake news? In this week’s reading you will learn about strategies for determining if a source is credible. One of those strategies is the CRAAP Test.   Currency: Is the information up to date? Relevance: Is the information relevant to your research needs? Authority: Who is the source of the information? Accuracy: How reliable and truthful is the information? Can the information be verified? Purpose: Why does the information exist? How can...
1) You wonder whether men or women are more likely to be driving when both a...
1) You wonder whether men or women are more likely to be driving when both a man and a woman are in the front seat of a car. You observe 20 cars with both a man and a woman in the front seat and count how many times the man is driving. Of the 20 cars you observed, the man was driving in 15 of them. What is the probability value for this result? (Give your answer to at least...
Keep your eyes and ears open as you read or listen to the news this week....
Keep your eyes and ears open as you read or listen to the news this week. Find/discover an example of statistics & probability in the news. Was it explained well, or poorly? What is the context? Do you think anything about the article is misleading? Can you make any inferences based on it? Do you think that the statistics in the article would convince the reader that we are all facing a serious problem with our environment? Explain why or...
Keep your eyes and ears open as you read or listen to the news this week....
Keep your eyes and ears open as you read or listen to the news this week. Find/discover an example of statistics & probability in the news. Was it explained well, or poorly? What is the context? Do you think anything about the article is misleading? Can you make any inferences based on it? Do you think that the statistics in the article would convince the reader that we are all facing a serious problem with our environment? Explain why or...
Read Chapter 22 and watch the You tube video and answer the 2 questions . Relate...
Read Chapter 22 and watch the You tube video and answer the 2 questions . Relate to our current crisis with Covid 19. 1. Will the increased use of these tele-health technology tools be viewed as dehumanizing patient care, or will they be viewed as a means to promote more contact with healthcare providers and new ways for people to stay connected (as in online disease support groups), thereby creating better long-term disease management and patient satisfaction? https://youtu.be/cOT6DjgER2Y 2. As...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT