Information regarding the ACT scores of samples of students in three different majors is given below. Major ManagementFinanceAccounting Sample size121018Average242627Sample variance18610a.Compute the overall sample mean xb.Set up the ANOVA table for this problem including the test statistic. Include all qorkc.Using a = .05, determine the range of critical values for F.d.Using the critical value approach, test to determine whether there is a significant difference in the means of the three populations within the context of this scenario.

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Answered: Compute the overall sample mean x b.…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Another idea is to look at how a team's payroll impacts its home attendance. Higher payroll usually signals more higher-skilled players on a roster which should brings fans to the ballpark to see these players. Create 2 samples based on Team Salary and calculate average attendance, variance of attendance, and standard deviation of attendance for each sample. Sample 1 = 10 teams with the highest team salary Sample 2 = 10 teams with the lowest team salary Tip: Use Excel's sorting tool to sort the data by salary (highest to lowest), and copy the 10 highest and 10 lowest into a separate part of the spreadsheet for easier analysis. Sample 1 Sample 2 Top 10 Team Salary Bottom 10 Team Salary Sample mean attendance mil mil Sample attendance variance mil mil Sample attendance standard deviation mil mil Perform a hypothesis test to determine whether there is a difference in the mean attendance of teams between the two groups…
Do rats take less time on average than hamsters to travel through a maze? The table below shows the times in seconds that the rats and hamsters took. Rats: 36, 35, 22, 42, 25, 14, 31, 14 Hamsters: 41, 37, 12, 46, 39, 46, 38, 45, 27, 29 Assume that both populations follow a normal distribution. What can be concluded at the a = 0.05 level of significance level of significance? For this study, we should use Select an answer a. The null and alternative hypotheses would be: Ho: Select an answer v Select an answer v Select an answer v (please enter a decimal) H: Select an answer v Select an answer v Select an answer v (Please enter a decimal) b. The test statistic (please show your answer to 3 decimal places.) c. The p-value = (Please show your answer to 4 decimal places.) d. The p-value is ? ♥ a e. Based on this, we should Select an answer f. Thus, the final conclusion is that ... the null hypothesis. O The results are statistically insignificant at a = 0.05, so there is statistically…
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Do rats take the same amount of time on average than hamsters to travel through a maze? The table below shows the times in seconds that the rats and hamsters took. Rats: 31, 26, 35, 34, 31, 39, 39, 6 Hamsters: 36, 35, 16, 29, 20, 25, 28, 37 Assume that both populations follow a normal distribution. What can be concluded at the a = 0.05 level of significance level of significance? For this studv, we should use Select an answer a. The null and alternative hypotheses would be: Ho: Select an answer v Select an answer v Select an answer V (please enter a decimal) H1: Select an answer v Select an answer v v (Please enter a decimal) Select an answer b. The test statistic ?v= (please show your answer to 3 decimal places.) c. The p-value = (Please show your answer to 4 decimal places.) d. The p-value is ? va e. Based on this, we should Select an answer v the null hypothesis. f. Thus, the final conclusion is that ... O The results are statistically insignificant at a = 0.05, so there is…
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		Major
	Management	Finance	Accounting

Sample size	12	10	18
Average	24	26	27
Sample variance	18	6	10

a.	Compute the overall sample mean x
b.	Set up the ANOVA table for this problem including the test statistic. Include all qork
c.	Using a = .05, determine the range of critical values for F.
d.	Using the critical value approach, test to determine whether there is a significant difference in the means of the three populations within the context of this scenario.