Warning: foreach() argument must be of type array|object, bool given in /var/www/html/web/app/themes/studypress-core-theme/template-parts/header/mobile-offcanvas.php on line 20

The data for a random sample of six paired observations are shown in the next table.

a. Calculate the difference between each pair of observations by subtracting observation two from observation 1. Use the differences to calculate d¯andsd2.

b. If μ1andμ2are the means of populations 1 and 2, respectively, expressed μdin terms of μ1andμ2.

PairSample from Population 1

(Observation 1)

Sample from Population 2(Observation 2)
123456739648417247

c. Form a 95% confidence interval for μd.

d. Test the null hypothesis H0d=0against the alternative hypothesis Had0. Useα=.05 .

Short Answer

Expert verified

A hypothesis is a tested assertion regarding the connection among two or more factors or a suggested explanation for a seen phenomenon.

Step by step solution

01

Step-by-Step Solution Step 1: (a) Calculate  d¯ and sd2

d¯=dn=126=2

sd2=(dd¯)2n1=105=2

Therefore, d¯=2 and sd2=2.

02

(b) Express μd

μ1And μ2 are the means of population 1 and 2.

So, μd=μ1μ2

03

(c)  Form the confidence interval

Here, n=4

So, the degree of freedom will be =n1=5

α=0.05

From the t-table, the critical value at 5%a level of significance with a degree of freedom 5 for a two-tailed test is ±2.571

The margin of error is,

ME=tα/2sd2n=(2.571)26=1.4844

The Confidence Interval is,

CI=d¯±ME=(2)±(1.4844)=(0.516,3.484)

04

(d) Conduct hypothesis testing

Here, n=4

So, the degree of freedom will be =n1=5

α=0.05

From the t-table, the critical value at 5% a level of significance with a degree of freedom 5 for a two-tailed test is ±2.571

t=d¯D0sd2n=2026=3.46

Since3.46>±2.571 so null hypothesis will be rejected. Therefore, it can be concluded that there is a significant difference between μ1 and μ2.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

The gender diversity of a large corporation’s board of directors was studied in Accounting & Finance (December 2015). In particular, the researchers wanted to know whether firms with a nominating committee would appoint more female directors than firms without a nominating committee. One of the key variables measured at each corporation was the percentage of female board directors. In a sample of 491firms with a nominating committee, the mean percentage was 7.5%; in an independent sample of 501firms without a nominating committee, the mean percentage was role="math" localid="1652702402701" 4.3% .

a. To answer the research question, the researchers compared the mean percentage of female board directors at firms with a nominating committee with the corresponding percentage at firms without a nominating committee using an independent samples test. Set up the null and alternative hypotheses for this test.

b. The test statistic was reported as z=5.1 with a corresponding p-value of 0.0001. Interpret this result if α=0.05.

c. Do the population percentages for each type of firm need to be normally distributed for the inference, part b, to be valid? Why or why not?

d. To assess the practical significance of the test, part b, construct a 95% confidence interval for the difference between the true mean percentages at firms with and without a nominating committee. Interpret the result.

Service without a smile. “Service with a smile” is a slogan that many businesses adhere to. However, some jobs (e.g., judges, law enforcement officers, and pollsters) require neutrality when dealing with the public. An organization will typically provide “display rules” to guide employees on what emotions they should use when interacting with the public. A Journal of Applied Psychology (Vol. 96, 2011) study compared the results of surveys conducted using two different types of display rules: positive (requiring a strong display of positive emotions) and neutral (maintaining neutral emotions at all times). In this designed experiment, 145undergraduate students were randomly assigned to either a positive display rule condition(n1=78)or a neutral display rule condition(n2=67). Each participant was trained to conduct the survey using the display rules. As a manipulation check, the researchers asked each participant to rate, on a scale of 1= “strongly agree” to5= “strongly disagree,” the statement, “This task requires me to be neutral in my expressions.”

a. If the manipulation of the participants was successful, which group should have the larger mean response? Explain.

b. The data for the study (simulated based on information provided in the journal article) are listed in the table above. Access the data and run an analysis to determine if the manipulation was successful. Conduct a test of hypothesis usingα=0.05 .

c. What assumptions, if any, are required for the inference from the test to be valid?

The data is given below

Positive Display Rule:

243333444444444444454444444444444445555555555555555555555555555555555555555555


Neutral Display Rule:

3321211122122232212222212222221222222232122212122322222222222122222


The “winner’s curse” in transaction bidding. In transaction bidding, the “winner’s curse” is the miracle of the winning (or loftiest) shot price being above the anticipated value of the item being auctioned. The Review of Economics and Statistics (Aug. 2001) published a study on whether shot experience impacts the liability of the winner’s curse being. Two groups of a stab in a sealed-shot transaction were compared (1)super-experienced stab and (2) less educated stab. In the super-experienced group, 29 of 189 winning flings were above the item’s anticipated value; 32 of 149 winning flings were above the item’s anticipated value in the less-educated group.

  1. Find an estimate of p1, the true proportion of super educated stab who fell prey to the winner’s curse
  2. Find an estimate of p2, the true proportion of less-educated stab who fell prey to the winner’s curse.
  3. Construct a 90 confidence interval for p1-p2.
  4. d. Give a practical interpretation of the confidence interval, part c. Make a statement about whether shot experience impacts the liability of the winner’s curse being.

Producer willingness to supply biomass. The conversion of biomass to energy is critical for producing transportation fuels. How willing are producers to supply biomass products such as cereal straw, corn stover, and surplus hay? Economists surveyed producers in both mid-Missouri and southern Illinois (Biomass and Energy, Vol. 36, 2012). Independent samples of 431 Missouri producers and 508 Illinois producers participated in the survey. Each producer was asked to give the maximum proportion of hay produced that they would be willing to sell to the biomass market. Summary statistics for the two groups of producers are listed in the table. Does the mean amount of surplus that hay producers are willing to sell to the biomass market differ for the two areas, Missouri and Illinois? Use a = .05 to make the comparison.

Given that xis a binomial random variable, compute P(x)for each of the following cases:

a. n= 7, x= 3, p= .5

b. n= 4, x= 3, p= .8

c. n= 15, x= 1, p= .1

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free