​Clearly one would assume that private colleges and universities would have a higher annual total cost as tuition is higher at private institutions. Construct a 95% confidence interval to estimate how much more it would cost annually to attend a private institution and interpret these values in a clear sentence. This is asking you t

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

​Clearly one would assume that private colleges and universities would have a higher annual total cost as tuition is higher at private institutions. Construct a 95% confidence interval to estimate how much more it would cost annually to attend a private institution and interpret these values in a clear sentence. This is asking you to construct a confidence interval estimate of the difference in mean tuition. 

School     School  
         
Type of Term Not sure, probably based on    Type of Term semesters - 1 , quarters - 0
  semesters - 1 , quarters - 0   Location urban (1), suburban (2), rural (3)
      Type of School private - 1 , public - 0
Location Not sure, 3 locations   Average Total SAT average combined math and verbal only
  Maybe urban (1), suburban (2), rural (3)   TOEFL Score 1 - TOEFL >= 550, 0 - otherwise
      Room and Board Recorded in thousands of dollars
Type of School private - 1 , public - 0   Annual Total Cost Recorded in thousands of dollars
      Average Indebtedness Recorded in thousands of dollars
Average Total SAT average combined math and verbal only      
         
TOEFL Score 1 - TOEFL >= 550, 0 - otherwise      
(test of English as Test which scores proficiency in 4 skills      
 foreign language) reading, listening, speaking and writing      
         
Room and Board Recorded in thousands of dollars      
         
Annual Total Cost Recorded in thousands of dollars      
         
Average Indebtedness Recorded in thousands of dollars      

 

1)  Please perform an F-test for Equal Variances to determine which Two-sample t-test and SE to use. Copy and paste the necessary F-test output below and clearly state your conclusion 

2) Then perform the appropriate two-sample t-test to get the necessary descriptive statistics to construct the confidence interval.  Show all necessary work and/or paste your Excel output.  

School Type of Term Location Type of School Average Total SAT TOEFL Score Room and Board Annual Total Cost Average Indebtedness
ArizonaStateUniversity 1 2 0 1080 0 4.3 12.7 12.9
BallStateUniversity 1 1 0 985 1 4 12.5 8.21
Cal.StateUniv.-Fresno 1 1 0 955 0 5.4 13.1 8.761
ClemsonUniversity 1 3 0 1130 1 3.9 12.4 9.983
CollegeofWilliam&Mary 1 2 0 1295 1 4.5 19.4 13.424
FloridaInternationalUniv. 1 1 0 1135 0 2.7 10 4.139
FloridaStateUniversity 1 1 0 1180 1 4.5 11.5 16.5
GeorgeMasonUniversity 1 2 0 1055 1 5 17 13
GeorgiaStateUniversity 0 1 0 1115 0 7.4 15.4 8.08
MontclairStateUniversity 1 2 0 1025 0 5.3 10.2 4.5
NorthCarolinaStateUniv. 1 1 0 1145 1 4 14.3 14.991
OregonStateUniversity 0 1 0 1072 1 4.4 15.5 10.5
PurdueUniversity 1 1 0 1095 1 4.5 15.2 11.839
SanDiegoStateUniversity 1 1 0 945 1 6.2 13.6 6.75
SlipperyRockUniv.ofPenn. 1 3 0 955 0 3.6 12.9 17
SUNY-Binghamton 1 2 0 1039 1 4.6 13.4 6.245
TexasA&MUniversity 1 1 0 1150 1 3.9 12.7 14.1
Univ.ofGeorgia 0 1 0 1180 1 4 11.9 10.8
Univ.ofHawaii-Manoa 1 1 0 1075 0 4.7 12.6 3.617
Univ.ofHouston 1 1 0 1065 1 4.1 12.1 9.404
Univ.ofMaryland 1 2 0 1170 1 5.5 15.7 16.637
Univ.ofMass.-Amherst 1 2 0 1100 1 4.2 16.4 10.2
Univ.ofNevada-LasVegas 1 1 0 980 0 5.5 12.3 10
Univ.ofNewHampshire 1 3 0 1110 1 4.4 18.6 9.66
Univ.ofNorthCarolina-C.H. 1 1 0 1225 1 4.5 15.2 9.406
Univ.ofTexas-Austin 1 1 0 1215 1 3.9 12.9 10.2
Univ.ofVermont 1 1 0 1115 1 5.1 22.4 21.5
VirginiaCommonwealthUniv. 1 1 0 1005 1 4.3 16.3 14.73
VirginiaTech 1 3 0 1265 1 3.5 14.9 10.327
WestVirginiaUniversity 1 1 0 1025 1 4.6 11.7 10.7
BabsonCollege 1 2 1 1165 1 7.6 26.4 18
BostonCollege 1 2 1 1285 1 7.5 26.8 15.855
BostonUniversity 1 1 1 1235 1 7 27.9 14.463
BowdoinCollege 1 2 1 1345 1 6 27.8 13.64
BryantCollege 0 2 1 1080 1 6.7 20.6 18
BucknellUniversity 1 3 1 1255 1 5 25.4 12.5
CanisiusCollege 1 1 1 1143 0 5.9 18.8 14.824
CarnegieMellonUniversity 1 1 1 1335 1 6.1 25.6 15.683
CaseWesternReserveUniv. 1 1 1 1330 1 5 22.2 26.031
ClarkUniversity 1 1 1 1121 1 4.4 24.4 17.5
ColbyCollege 0 1 1 1275 1 5.7 27.9 11.63
ColgateUniversity 1 3 1 1300 1 5.9 27.6 9.236
CollegeofHolyCross 1 1 1 1275 1 6.7 26.8 12.634
EmoryUniversity 1 1 1 1310 1 6.5 26.6 15.309
FordhamUniversity 1 1 1 1150 1 7.4 23.4 8.593
Franklin&MarshallCollege 1 1 1 1260 1 4.5 26.4 11.5
GeorgeWashingtonUniversity 1 1 1 1235 1 6.9 26.7 14.368
GeorgetownUniversity 1 1 1 1330 1 7.5 27.5 14.013
GettysburgCollege 1 3 1 1200 1 4.8 26.4 11.75
HarvardUniversity 1 1 1 1465 1 7 28.9 11.65
IonaCollege 1 2 1 955 1 7.3 19.8 18
LafayetteCollege 1 1 1 1185 1 6.3 26.7 11.499
LaSalleUniversity 1 1 1 1105 0 6.7 20.8 11.7
LehighUniversity 1 1 1 1225 1 6 26.8 13.84
ManhattanCollege 1 1 1 952 1 7.1 22 9.268
NewYorkUniversity 1 1 1 1260 1 7.8 28.6 17.318
NiagaraUniversity 1 2 1 1065 0 5.4 17.6 11.577
NortheasternUniversity 0 1 1 1055 1 8.2 23.4 25.603
NorthwesternUniversity 0 2 1 1350 1 6.1 24.2 11.98
ProvidenceCollege 1 1 1 1185 1 6.7 22.9 17.5
RiceUniversity 1 1 1 1395 1 6 18 2.323
RochesterInst.Technology 0 2 1 1185 0 6.1 21.8 17.5
SeattleUniversity 0 1 1 1100 1 5.3 19.5 12
SetonHallUniversity 1 2 1 1030 1 7.1 20.8 14.9
SienaCollege 1 2 1 1095 0 5.4 17.6 18.248
SouthernMethodistUniversity 1 2 1 1150 1 5.3 21.3 12.113
St.BonaventureUniversity 1 3 1 1098 1 5.1 17.5 14
StanfordUniversity 0 2 1 1430 1 7.3 27.8 12.774
SyracuseUniversity 1 1 1 1180 1 7.2 24.3 14.5
TulaneUniversity 1 1 1 1270 1 6.3 27.5 13.845
Univ.ofChicago 0 1 1 1370 1 7.3 28.8 14.073
Univ.ofMiami 1 2 1 1145 1 7.1 25.7 16.068
Univ.ofNotreDame 1 2 1 1320 1 4.8 23.8 16.572
Univ.ofPennsylvania 1 1 1 1355 1 7.5 28.6 17.621
Univ.ofPortland 1 1 1 1135 0 4.5 18.9 13.896
Univ.ofScranton 0 1 1 1115 0 6.6 21.6 13.5
VanderbiltUniversity 1 1 1 1295 1 7.1 27.3 14.5
VillanovaUniversity 1 2 1 1242 1 7 24.8 17.125
WakeForestUniversity 1 2 1 1280 1 5.2 23.7 18.703
YaleUniversity 1 1 1 1450 1 6.7 28.9 0
Type of Term
semesters - 1, quarters - 0
urban (1), suburban (2), rural (3)
private - 1, public - 0
average combined math and verbal only
1- TOEFL >= 550, 0 - otherwise
Location
Type of School
Average Total SAT
TOEFL Score
Room and Board
Recorded in thousands of dollars
Annual Total Cost
Recorded in thousands of dollars
Average Indebtedness
Recorded in thousands of dollars
Transcribed Image Text:Type of Term semesters - 1, quarters - 0 urban (1), suburban (2), rural (3) private - 1, public - 0 average combined math and verbal only 1- TOEFL >= 550, 0 - otherwise Location Type of School Average Total SAT TOEFL Score Room and Board Recorded in thousands of dollars Annual Total Cost Recorded in thousands of dollars Average Indebtedness Recorded in thousands of dollars
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 5 images

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman