What are the proportions for the colors of M&M candy colors? You will need one Medium (approximately 12 ounce) bags of M&M’s. You may choose from any of the following varieties:
Answer each of the questions below for your bags of candy in your project. Your final project should be in report form which includes the answers to the questions. The report should be typed. You may hand write neatly the mathematics symbols and your work. If you have any questions, you should contact your teacher.
|
Color |
Frequency |
Relative Frequency |
|
Blue |
||
|
Brown |
||
|
Green |
||
|
Red |
||
|
Orange |
||
|
Yellow |
4) The “color” of M&M is what type of data (two answers)? (1 point)
5) Graph the data by using an appropriate chart. (May use excel and paste the graph in the report). State why you chose you type of graph. (5 points)
B) Proportion test (you may use <, >, or ≠ for H2):
Now, choose color. Just test one of the colors. Use the official proportion from M&M’s for p and compare to your proportion,. Use 5% for level of significance
C) Good ness of fit
1) Do you think that the data you have gathered agrees with the company’s claims? (2 points)
2) Identify a procedure that you could use to check the goodness of fit for your data on one of the variety of M & M’s. (1 point)
3) Identify the Ho and H1 you would use to verify the company’s claim. (4 points)
4) Display in a matrix the observed and expected cell values and perform a Chi-Square analysis for the one of M & M’s variety (10 points)
|
Color |
Observed |
Expected |
(O – E)²/E |
|
Blue |
|||
|
Brown |
|||
|
Green |
|||
|
Red |
|||
|
Orange |
|||
|
Yellow |
5) Write a word conclusion to the hypothesis test you have performed using the 1% level of significance. (Show all steps in your hypothesis test) (9 points)
D) Test for Independence
Now consider the type of M&M and the color. Use the one sample that you counted and one sample given to you (below) to test the hypothesis that the type of M&M is independent of the colors as listed.
1) Fill in your data in the chart below (3 points)
|
Actual |
Color |
Blue |
Brown |
Green |
Orange |
Red |
Yellow |
Total |
|
Plain |
Frequency |
126 |
99 |
35 |
86 |
67 |
83 |
496 |
|
Your M&M’s |
Frequency |
|||||||
|
Total |
2) Filled in the expected amounts (6 points)
E = (Row total)(Column Total)/ Sample Size
|
Expected |
Color |
Blue |
Brown |
Green |
Orange |
Red |
Yellow |
Total |
|
Plain |
||||||||
|
Your M&M’s |
||||||||
|
Total |
3) Identify the Ho and H1 you would use to verify the type of M&M is independent of the colors as listed.
4) Perform a Chi-Square analysis for the two of M & M’s variety
|
Chi-Square (O-E)2/E |
Color |
Blue |
Brown |
Green |
Orange |
Red |
Yellow |
Total |
|
Plain |
||||||||
|
Your M&M’s |
||||||||
|
Total |
5) Write a word conclusion to the hypothesis test you have performed using the 5% level of significance.
In: Statistics and Probability
Once you have the dataset, please use knowledge gained in other business and/or economics classes to realize what topic and theory the data could relate and a research question that it could allow you to answer. More specifically, please put together an analysis by making sure your project report includes the following:
7.1. Specify the level of significance (Type I error associated with the null hypothesis),
7.2. Determine the test statistic (the appropriate statistical test as mentioned under point 5 above),
7.3. Determine the critical values (and region(s) if applicable),
DATA :
| Production costs in company 1 | Production costs in company 2 |
| 1,30 | 6,50 |
| 2,50 | 8,70 |
| 2,30 | 9,80 |
| 8,10 | 10,20 |
| 5,00 | 7,90 |
| 7,00 | 6,50 |
| 7,50 | 8,70 |
| 5,20 | 7,90 |
| 4,40 | 8,70 |
| 7,60 | 9,10 |
| 9,00 | 8,40 |
| 7,60 | 6,40 |
| 4,50 | 7,20 |
| 1,10 | 5,80 |
| 5,60 | 6,90 |
| 6,20 | 5,90 |
| 7,00 | 7,60 |
| 6,90 | 7,80 |
| 5,60 | 7,30 |
| 5,20 | 4,60 |
| 7,20 | 8,00 |
| 5,00 | 7,10 |
| 8,50 | 8,90 |
| 7,80 | 8,90 |
| 8,80 | 9,30 |
| 4,20 | 5,40 |
| 3,40 | 3,40 |
| 5,80 | 5,90 |
| 7,80 | 9,90 |
| 9,90 | 11,90 |
In: Statistics and Probability
This is a work integrated assessment item. The tasks are similar to what would be carried out in the workplace.
Tully Tyres sells cheap imported tyres. The manager believes its profits are in decline. You have just been hired as an analyst by the manager of Tully Tyres to investigate the expected profit over the next 12 months based on current data.
•Monthly demand varies from 100 to 200 tyres – probabilities
shown in the partial section of the spreadsheet below, but you have
to insert formulas to ge the cumulative probability distribution
which can be used in Excel with the VLOOKUP command.
•The average selling price per tyre follows a discrete uniform
distribution ranging from $160 to $180 each. This means that it can
take on equally likely integer values between $160 and $180 – more
on this below.
•The average profit margin per tyre after covering variable costs
follows a continuous uniform distribution between 20% and 30% of
the selling price.
•Fixed costs per month are $2000.
(a)Using Excel set up a model to simulate the next 12 months to determine the expected average monthly profit for the year. You need to have loaded the Analysis Toolpak Add-In to your version of Excel. You must keep the data separate from the model. The model should show only formulas, no numbers whatsoever except for the month number.
You can use this partial template to guide you:
| Ajax Tyres | |||||||
| DATA | |||||||
| Prob | Cummilaty prob | Demand | Selling | Price | $160 | $180 | |
| 0.05 | 100 | Monthly | Fixed cost | $2,000 | |||
| 0.1 | 120 | Profit | Margin | 20% | 30% | ||
| 0.2 | 140 | ||||||
| 0.3 | 160 | ||||||
| 0.25 | 180 | ||||||
| 0.1 | 200 | ||||||
| 1 | |||||||
| MODEL | |||||||
| Selling | Profit | Fixed | |||||
| Month | RN1 | Demand | Price | RN2 | Margin | Costs | Profit |
| 1 | 0.23297 | #N/A | $180 | 0.227625 | 0.2 |
The first random number (RN 1) is to simulate monthly demands
for tyres.
•The average selling price follows a discrete uniform distribution
and can be determined by the function =RANDBETWEEN(160,180) in this
case. But of course you will not enter (160,180) but the data cell
references where they are recorded.
•The second random number (RN 2) is used to help simulate the
profit margin.
•The average profit margin follows a continuous uniform
distribution ranging between 20% and 30% and can be determined by
the formula =0.2+(0.3-0.2)*the second random number (RN 2). Again
you do not enter 0.2 and 0.3 but the data cell references where
they are located. Note that if the random number is high, say 1,
then 0.3-0.2 becomes 1 and when added to 0.2 it becomes 0.3. If the
random number is low, say 0, then 0.3-0.2 becomes zero and the
profit margin becomes 0.2.
•Add the 12 monthly profit figures and then find the average
monthly profit.
Show the data and the model in two printouts: (1) the results, and (2) the formulas. Both printouts must show the grid (ie., row and column numbers) and be copied from Excel and pasted into Word. See Spreadsheet Advice in Interact Resources for guidance.
(b)Provide the average monthly profit to Ajax Tyres over the 12-month period.
(c)You present your findings to the manager of Ajax Tyres. He thinks that with market forces he can increase the average selling price by $40 (ie from $200 to $220) without losing sales. However he does suggest that the profit margin would then increase from 22% to 32%.
He has suggested that you examine the effect of these changes and report the results to him. Change the data accordingly in your model to make the changes and paste the output in your Word answer then write a report to the manager explaining your conclusions with respect to his suggestions. Also mention any reservations you might have about the change in selling prices.
The report must be dated, addressed to the Manager and signed
off by you.
In: Statistics and Probability
Question 1:
Locate the Manufacturer tab. Test to determine if there is a significant difference between Mean Value Added by the manufacturer and the mean Cost of Materials in manufacturing assuming a 10% level of significance.
Must complete all the parts to this problem:
Data: (Table was too large so I divided each data set into two columns)
| Value Added by Mfg. | Cost of Materials | ||
| 23518 | 4528 | 78713 | 3805 |
| 15724 | 7275 | 42774 | 7195 |
| 24506 | 55621 | 27222 | 57264 |
| 21667 | 1313 | 37040 | 1865 |
| 20712 | 162 | 12030 | 163 |
| 12640 | 1907 | 13674 | 1682 |
| 4258 | 53 | 19130 | 85 |
| 35210 | 747 | 33521 | 395 |
| 20548 | 328 | 19612 | 255 |
| 23442 | 233 | 5557 | 177 |
| 287 | 1717 | 163 | 943 |
| 1508 | 6532 | 314 | 3527 |
| 624 | 4850 | 2622 | 4254 |
| 2471 | 3509 | 4219 | 2282 |
| 4307 | 2176 | 5357 | 1387 |
| 673 | 2696 | 1061 | 1183 |
| 817 | 15739 | 707 | 17010 |
| 8986 | 999 | 10421 | 565 |
| 3145 | 7838 | 4140 | 5432 |
| 4076 | 29180 | 7125 | 45696 |
| 3806 | 9061 | 8994 | 6913 |
| 4276 | 4200 | 5504 | 11184 |
| 1239 | 1410 | 716 | 5735 |
| 9423 | 16670 | 8926 | 31892 |
| 11045 | 5856 | 11121 | 4696 |
| 1916 | 3164 | 2283 | 2790 |
| 599 | 3999 | 364 | 9364 |
| 2063 | 11750 | 1813 | 8720 |
| 34 | 4412 | 71 | 3527 |
| 1445 | 27974 | 1321 | 31527 |
| 10603 | 6936 | 12376 | 4909 |
| 5775 | 19880 | 9661 | 21531 |
| 10404 | 7793 | 19285 | 6232 |
| 13274 | 3528 | 18632 | 1689 |
| 1909 | 21718 | 2170 | 19273 |
| 4606 | 10513 | 7290 | 12954 |
| 5518 | 9545 | 8135 | 11858 |
| 12464 | 18178 | 12980 | 23474 |
| 5447 | 22673 | 4011 | 14343 |
| 2290 | 19221 | 5101 | 16515 |
| 4182 | 23110 | 3755 | 18543 |
| 2818 | 41135 | 2694 | 60857 |
| 2201 | 17521 | 3279 | 21819 |
| 18848 | 25322 | 20596 | 13897 |
| 9655 | 6700 | 10604 | 5523 |
| 15668 | 14278 | 24634 | 12657 |
| 25918 | 9466 | 28963 | 12578 |
| 30692 | 13428 | 8483 | 11065 |
| 17982 | 3459 | 6940 | 7621 |
| 17857 | 38705 | 8863 | 29591 |
| 9699 | 84059 | 2823 | 44486 |
| 38407 | 13920 | 29572 | 13398 |
| 3878 | 105899 | 3811 | 223639 |
| 3989 | 45220 | 1047 | 42367 |
| 4388 | 7903 | 2055 | 7760 |
| 4055 | 2590 | 1098 | 4363 |
| 16567 | 1435 | 11298 | 1674 |
| 25025 | 9986 | 34596 | 8120 |
| 59813 | 3564 | 27187 | 5476 |
| 31801 | 21071 | 19932 | 8760 |
| 8497 | 29028 | 9849 | 18028 |
| 28886 | 31051 | 46935 | 16787 |
| 12277 | 2390 | 11130 | 1020 |
| 11547 | 14032 | 13085 | 8114 |
| 26006 | 415 | 132880 | 382 |
| 3464 | 2761 | 6182 | 3646 |
| 2187 | 685 | 4446 | 506 |
| 7079 | 8327 | 7091 | 6604 |
| 442 | 2643 | 496 | 1789 |
| 1406 | 997 | ||
| 11199 | 8530 | ||
In: Statistics and Probability
Brainstorm a new type of health care technology that you believe would contribute to the health management information systems (HMIS) evolution. This technological advancement should either not yet exist or should serve to enhance existing technology to achieve an entirely new objective. What health care problems or challenges have you noticed for which there is not yet a solution? It is essential for health care administrators to be aware of the rapidly evolving and ever-changing field of health technology, both in terms of current as well as upcoming informational and system advancements. Assume that you are a health care administrator for an organization and you have been tasked with presenting this new technology to your organization's key stakeholders. After selecting your topic for this assignment, compose a 750-1,000-word proposal that addresses the following:
The purpose of this assignment is to brainstorm a new
type of health care technology that might contribute to the HMIS
evolution.
The Internet is completely revolutionizing the way
technology can be used in health care. Health care information is
becoming more widely accessible through a range of telehealth
options, and consumers are now far more computer savvy than at any
time in the past. Individuals can use the Internet to research
symptoms or diseases, as well as possible treatment plans, and seek
out medical professionals or advice.
Technological advancements are also helping
individuals to be more tuned in to their own bodies and aware of
their individual health patterns and activities. Smartwatches and
other wearable fitness trackers can track heart rate, movement and
activity, and sleep cycles, while smartphones enable users to
manage caloric intake, monitor diabetes, and even perform health
services remotely, such as measuring blood pressure or conducting
ultrasounds.
For this assignment, brainstorm a new type of health
care technology that you believe would contribute to the health
management information systems (HMIS) evolution. This technological
advancement should either not yet exist or should serve to enhance
an existing technology to achieve an entirely new objective. What
health care problems or challenges have you noticed for which there
is not yet a solution?
It is essential for health care administrators to be
aware of the rapidly evolving and ever-changing field of health
technology, both in terms of current as well as upcoming
informational and system advancements. Assume that you are a health
care administrator for an organization and you have been tasked
with presenting this new technology to your organization's key
stakeholders. After selecting your topic for this assignment,
compose a 750-1,000-word proposal that addresses the
following:
Describe your new HMIS technology and what purpose it
will serve. Who will most benefit from it? What gap will it fill in
the health care technology field? How will this technology improve
the quality of health care that clinicians can offer?
What are the potential advantages and disadvantages of
this HMIS technology for the consumer? In this case, the consumer
is both the health care organization and the individual user or
patient.
How will the use and integration of this technology
impact digital equity in the HMIS field?
How will this technology collect, read, and interpret
health data? Why and how will this data be useful to the health
care organization?
From an administrative perspective, describe when,
how, and where you propose this technology first be introduced, and
discuss how you foresee it impacting the organization
In: Nursing
Attached is our first individual project. Please reply to all 4
questions, including the subquestions: 1a, 1b, 1c, etc. What you
should do is determine if the supply or demand will increase or
decrease given the effect and then provide a real-life
example..
For example; for question 1a, “Product B becomes more
fashionable.”
Answer: If product B becomes more fashionable. The
demand curve will increase and shift to the right. A practical
example is if there was an article in The New England Journal of
Medicine; suggesting drinking a glass of orange juice will decrease
heart disease. Presumably, orange juice will become more
fashionable, causing demand to increase
Note – you should graph by using pencil and paper. I strongly urge you NOT to use Excel or related software, I don’t want you waste a lot of time as it is more important to understand the concept! Word is fine if use the drawing tools)
If you decided to graph, using Word, using Clip Art and Shapes, the demand shift for orange juice would look something like this
Thank you
1. What effect will each of the following have on
the demand for product B?
a. Product B becomes more fashionable.
b. The price of substitute product C falls.
c. Income declines and product B is an inferior
good.
d. Consumers anticipate the price of B will be lower in
the near future.
e. The price of complementary product D falls.
f. Foreign tariff barriers on B are eliminated.
2. What effect will each of the following have on the
supply of product B?
a. A technological advance in the methods of producing
B.
b. A decline in the number of firms in industry
B.
c. An increase in the price of resources required in
the production of B.
d. The expectation that the equilibrium price of B will
be lower in the future than it is currently.
e. A decline in the price of product A, a good whose
production requires substantially the same techniques as does the
production of B.
f. The levying of a specific sales tax upon B.
g. The granting of a 50-cent per unit subsidy for each
unit of B produced.
3. How will each of the following changes in demand
and/or supply affect equilibrium price and equilibrium quantity in
a competitive market; that is do price and quantity rise, fall,
remain unchanged, or are the answers indeterminate, depending on
the magnitudes of the shifts in supply and demand? You should rely
on a supply and demand diagram to verify answers.
a. Supply decreases and demand remains constant.
b. Demand decreases and supply remains constant.
c. Supply increases and demand is constant.
d. Demand increases and supply increases.
e. Demand increases and supply is constant.
f. Supply increases and demand decreases.
g. Demand increases and supply decreases.
h. Demand decreases and supply decreases.
4. Suppose the total demand for wheat and the total supply of wheat per month in the Kansas City grain market are as follows:
Thousands
of bushels
demanded Price
per
bushel Thousand
of bushels
Supplied Surplus (+)
or
shortage (-)
85
80
75
70
65
60 $3.40
3.70
4.00
4.30
4.60
4.90 72
73
75
77
79
81
a. What will be the market or equilibrium
price? What is the equilibrium quantity? Using the surplus-shortage
column, explain why your answers are correct.
b. Graph the demand for wheat and the supply of wheat.
Be sure to label the axes of your graph correctly. Label
equilibrium price “P” and the equilibrium quantity “Q.”
c. Why will $3.40 not be the equilibrium price in this market? Why not $4.90? “Surpluses drive prices up; shortages drive them down.” Do you agree?
d Now suppose that the government establishes a
ceiling price of, say, $3.70 for wheat. Explain carefully the
effects of this ceiling price.
Demonstrate your answer graphically. What might prompt
the government to establish a ceiling price
In: Economics
Difficult Transitions Tony had just finished his first week at Hotel Luxury Incorporated and decided to drive upstate to a small lakefront lodge for some fishing and relaxation. Tony had worked for the previous ten years for the Sun Group Company, but Sun Group had been through some hard times of late and had recently shut down several of its operating groups, including Tony’s, to cut costs. Fortunately, Tony’s experience and recommendations had made finding another position fairly easy. As he drove the interstate, he reflected on the past ten years and the apparent situation at Reece. At Sun Group , things had been great. Tony had been part of the team from day one. The job had met his personal goals and expectations perfectly, and Tony believed he had grown greatly as a person. His work was appreciated and recognized; he had received three promotions and many more pay increases. Tony had also liked the company itself. The firm was decentralized, allowing its managers considerable autonomy and freedom. The corporate Culture was easygoing. Communication was open. It seemed that everyone knew what was going on at all times, and if you didn’t know about something, it was easy to find out. The people had been another plus. Tony and three other managers went to lunch often and played golf every Saturday. They got along well both personally and professionally and truly worked together as a team. Their boss had been very supportive, giving them the help they needed but also staying out of the way and letting them work. When word about the shutdown came down, Tony was devastated. He was sure that nothing could replace Sun Group . After the final closing was announced, he spent only a few weeks looking around before he found a comparable position at the Luxury Hotel. As Tony drove, he reflected that "comparable" probably was the wrong word. Indeed, Luxury Hotel and Sun Group were about as different as you could get. Top managers at Luxury Hotel apparently didn’t worry too much about who did a good job and who didn’t. They seemed to promote and reward people based on how long they had been there and how well they played the never-ending political games. Maybe this stemmed from the organization itself, Tony pondered. Luxury Hotel was a bigger organization than Sun Group and was structured much more bureaucratically. It seemed that no one was allowed to make any sort of decision without getting three signatures from higher up. Those signatures, though, were hard to get. All the top managers usually were too busy to see anyone, and interoffice memos apparently had very low priority. Tony also had had some problems fitting in. His peers treated him with polite indifference. He sensed that a couple of them resented that he, an outsider, had been brought right in at their level after they had had to work themselves up the ladder. On Tuesday he had asked two colleagues about playing golf. They had politely declined, saying that they did not play often. But later in the week, he had overheard them making arrangements to play that very Saturday. It was at that point that Tony had decided to go fishing. As he steered his car off the interstate to get gas, he wondered if perhaps he had made a mistake in accepting the Luxury Hotel offer without finding out more about what he was getting into. Case Questions Task 1. Identify several concepts and characteristics from the field of organizational behavior that this case illustrates. Task 2. What advice can you give Tony? How would this advice be supuported or tempered by behavioral concepts and processes?
In: Economics
Part 1: Random Data, Statistics, and the Empirical Rule **Data Set Below**
Methods: Use Excel (or similar software) to create the tables and graph. Then copy the items and paste them into a Word document. The tables should be formatted vertically, have borders, and be given the labels and titles stated in the assignment. The proper symbols should be used. Do not submit this assignment as an Excel file. The completed assignment should be a Word (or .pdf) document.
For the purpose of this application, treat the data set as if it represented a certain random variable and was a valid random sample gathered by a researcher from a normally distributed population. The sample data was actually found with an online Gaussian random number generator that creates normally distributed data values. The random number generator simulates the results of a researcher finding those values through observation or experimentation.
The Empirical Rule: For a set of data whose distribution is approximately normal,
Use the value of n and the percents listed above to find how many data values should be within each category. Then use the sample mean and standard deviation to find the lower and upper cut-off values in each category. Then use the sorted list of data to determine how many values are actually in each category. Put the values into a table as shown in the example and label it “Table 5: The Empirical Rule.”
|
Data Set R |
Mu=31.2 |
sd=4.5 |
n=46 |
||
|
31.0 |
34.9 |
31.4 |
27.4 |
37.6 |
38.2 |
|
32.8 |
32.0 |
26.4 |
32.3 |
33.9 |
21.4 |
|
34.7 |
33.3 |
39.5 |
32.5 |
29.1 |
28.0 |
|
34.9 |
33.5 |
26.9 |
38.4 |
17.9 |
28.9 |
|
30.8 |
31.3 |
33.8 |
31.6 |
33.7 |
38.3 |
|
38.3 |
28.2 |
39.0 |
29.1 |
41.1 |
23.6 |
|
31.6 |
29.3 |
29.2 |
25.8 |
38.6 |
27.2 |
|
31.1 |
34.0 |
29.3 |
28.3 |
In: Statistics and Probability
(Side note: I'm not sure if this counts as one question or not but all questions are based on the original case and numbers and felt as splitting the questions would be counter-productive)
Case: A small convenience store chain is interested in modeling the weekly sales of a store, y, as a function of the weekly traffic flow on the street where the store is located. The table below contains data collected from 20 stores in the chain.
|
Store |
Traffic Flow (thousands of cars) |
Weekly Sales ($ thousands) |
|
1 |
59.3 |
6.3 |
|
2 |
60.3 |
6.6 |
|
3 |
82.1 |
7.6 |
|
4 |
32.3 |
3.0 |
|
5 |
98 |
9.5 |
|
6 |
52.1 |
5.9 |
|
7 |
54.4 |
6.1 |
|
8 |
51.3 |
5.0 |
|
9 |
36.7 |
3.6 |
|
10 |
23.6 |
2.8 |
|
11 |
57.6 |
6.7 |
|
12 |
40.6 |
5.2 |
|
13 |
75.8 |
8.2 |
|
14 |
48.3 |
5 |
|
15 |
41.4 |
3.9 |
|
16 |
62.5 |
5.4 |
|
17 |
44.0 |
4.1 |
|
18 |
29.6 |
3.1 |
|
19 |
49.5 |
5.4 |
|
20 |
73.1 |
8.4 |
1. [3 marks] Create a scatter plot of weekly sales (y) vs. traffic flow (x) using MS Excel. Copy and paste (or save and import) your plot to Word. Provide horizontal and vertical axis labels, including appropriate units, and give your plot a title. Based on your plot, do you think there is a linear relationship between the two variables? Why or why not? Answer in a single sentence.
2. [7 marks]
a) [1 mark] State the equation of the fitted regression line between weekly sales and traffic flow. No need to show your work calculating the coefficients – you may use Excel for this; however, make sure you use Word’s equation editor to type the equation properly. Please round the coefficients to 2 decimal places.
b) [1 mark] In one sentence, interpret the value of the fitted y-intercept in question 2.
c) [1 mark] In one sentence, interpret the value of the fitted slope in question 2.
d) [1 mark] What is the coefficient of determination for the
fitted model? Again, you may use Excel for this, no need to show
your work. Please round to 3 decimal places.
e) [1 mark] In one sentence, interpret the value of the coefficient
of determination.
f) [2 marks] The chain wants to establish a new store at a location where the weekly traffic flow is 64,500 cars. Use the fitted equation to predict the weekly sales of the planned store. Show your work and explain what the result means in a single sentence.
3. [6 marks] Use a hypothesis test on the population slope to
determine if there is a significant linear relationship between
weekly sales and traffic flow. Provide all five steps as shown in
class.
1) The null and alternative hypotheses:
2) The test statistic (yes, you may copy/paste from Excel, but
please round to 3 decimal places):
3) The critical value(s) is/are:
4) Do you reject the null hypotheses? (Answer Yes or No):
_________
5) Interpret.
4. [5 marks] Use an ANOVA F-test to determine if there is a significant linear relationship between weekly sales and traffic flow. No need to show calculations for the test statistic here; provide only the final answer. Provide all five steps as shown in class.
1) The null and alternative hypotheses:
2) The test statistic (yes, you may copy/paste from Excel, but
please round to 3 decimal places):
3) The p-value (yes, you may copy/paste from Excel, but please
provide 4 significant digits):
4) Do you reject the null hypotheses? (Answer Yes or No):
_______.
5) Interpret.
5. [4 marks] Create a residual plot. Copy and paste (or save and import) your plot to Word. You may use the default axis titles and overall title provided by Excel. In one sentence, comment on whether the assumption of constant variance is satisfied. In one sentence, comment on whether the assumption of zero mean is satisfied.
In: Statistics and Probability
I. Consider the random experiment of rolling a pair of dice. Note: Write ALL probabilities as reduced fractions or whole numbers (no decimals).
1) One possible outcome of this experiment is 5-2 (the first die comes up 5 and the second die comes up 2). Write out the rest of the sample space for this experiment below by completing the pattern:
|
1-1 |
2-1 |
||||
|
1-2 |
|||||
|
1-3 |
|||||
|
1-4 |
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2) How many outcomes does the sample space contain? _____________
3) Draw a circle (or shape) around each of the following events (like you would to circle a word in a word search puzzle). Label each event in the sample space with the corresponding letter. Event A has been done for you.
A: Roll a sum of 3.
B: Roll a sum of 7.
C: Roll a sum of at least 10.
D: Roll doubles.
E: Roll snake eyes (two 1’s). F: First die is a 4.
4) Find the following probabilities:
P(A) = _________ P(B) = _________ P(C) = _________
P(D) = _________ P(E) = _________ P(F) = _________
5) The conditional probability of B given A, denoted by P(B|A), is the probability that B will occur when A has already occurred. Use the sample space above (not a special rule) to find the following conditional probabilities:
P(D|C) = _________ P(E|D) = _________ P(D|E) = _________ P(A|B) = _________ P(C|F) = _________
6) Two events are mutually exclusive if they have no outcomes in common, so they cannot both occur at the same time.
Are C and E mutually exclusive? ___________
Find the probability of rolling a sum of at least 10 and snake eyes
on the same roll, using the
sample space (not a special rule).
P(C and E) = __________
Find the probability of rolling a sum of at least 10 or snake eyes, using the sample space. P(C or E) = __________
7) Special case of Addition Rule: If A and B are mutually exclusive events, then P(A or B) = P(A) + P(B)
Use this rule to verify your last answer in #6:
P(C or E) = P(C) + P(E) = ________ + ________ = _________
8) Are C and F mutually exclusive? __________ Using sample space, P(C or F) = _________ 9) Find the probability of rolling a “4” on the first die and getting a sum of 10 or more, using the
sample space.
P (C and F) = ________
10) General case of Addition Rule: P(A or B) = P(A) + P(B) – P(A and B) Use this rule to verify your last answer in #8:
P(C or F) = P(C) + P(F) – P(C and F) = ________ + ________ − ________ = _________
11) Two events are independent if the occurrence of one does not influence the probability of the other occurring. In other words, A and B are independent if P(A|B) = P(A) or if P(B|A) = P(B).
Compare P(D|C) to P(D), using the sample space: P(D|C) =
________ . P(D) = ________ .
Are D and C independent? _________
When a gambler rolls at least 10, is she more or less likely to
roll doubles than usual? ___________ Compare P(C|F) to P(C), using
the sample space: P(C|F) = ________ . P(C) = ________ .
Are C and F independent? __________
12) Special case of Multiplication Rule: If A and B are
independent, then P(A and B) = P(A) · P(B).
Use this rule to verify your answer to #9:
P(C and F) = P(C) • P(F) = ________ · ________ = ________ .
13) Find the probability of rolling a sum of at least 10 and getting doubles, using the sample space. P(C and D) = ________ .
14) General case of Multiplication Rule: P(A and B) = P(A) · P(B|A). Use this rule to verify your answer to #13:
P(C and D) = P(C) • P(D|C) = ________ · ________ = ________ .
In: Statistics and Probability