Upload the 'States' dataset in JMP. Perform sample summary statistics on the income variable and two other variables of your choice. Create an excel table reporting your results (Please no screen shot). (5 pts) Example of sample summary statistics table N Mean Std. Deviation Std. Error Mean I am worried about global 1000 4.88 1.329 .042 warming. Question 2. Imagine that you personally believe that the mean for Income variable should be either 33 or 35. Test if your hypothesized parameter means are statistically significant. Please use JMP for testing hypotheses as demonstrated in class. You may include screenshots for this question. (2.5 pts) Similarly, imagine that you hypothesized parameter mean for 'college' variable as either 18 or 20.9. Test these hypothesized means in JMP. (2.5 pts) Your responses must clearly state if the hypothesized means are statistically significant or not.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 44P
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Please provide steps on how to answer the question on JMP software for this practice questions. Please include pictures or videos if necessary please. Thank you

Upload the 'States' dataset in JMP. Perform sample summary statistics on the income variable
and two other variables of your choice. Create an excel table reporting your results (Please no
screen shot). (5 pts)
Example of sample summary statistics table
N
Mean
Std. Deviation
Std. Error Mean
I am worried about global
1000
4.88
1.329
.042
warming.
Question 2.
Imagine that you personally believe that the mean for Income variable should be either 33 or 35.
Test if your hypothesized parameter means are statistically significant. Please use JMP for
testing hypotheses as demonstrated in class. You may include screenshots for this question. (2.5
pts)
Similarly, imagine that you hypothesized parameter mean for 'college' variable as either 18 or
20.9. Test these hypothesized means in JMP. (2.5 pts)
Your responses must clearly state if the hypothesized means are statistically significant or not.
Transcribed Image Text:Upload the 'States' dataset in JMP. Perform sample summary statistics on the income variable and two other variables of your choice. Create an excel table reporting your results (Please no screen shot). (5 pts) Example of sample summary statistics table N Mean Std. Deviation Std. Error Mean I am worried about global 1000 4.88 1.329 .042 warming. Question 2. Imagine that you personally believe that the mean for Income variable should be either 33 or 35. Test if your hypothesized parameter means are statistically significant. Please use JMP for testing hypotheses as demonstrated in class. You may include screenshots for this question. (2.5 pts) Similarly, imagine that you hypothesized parameter mean for 'college' variable as either 18 or 20.9. Test these hypothesized means in JMP. (2.5 pts) Your responses must clearly state if the hypothesized means are statistically significant or not.
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