EP INTRODUCTION TO PROBABILITY+STAT.
EP INTRODUCTION TO PROBABILITY+STAT.
14th Edition
ISBN: 2810019974203
Author: Mendenhall
Publisher: CENGAGE L
bartleby

Videos

Question
Book Icon
Chapter 10.4, Problem 10.24E

(a)

To determine

To explain:whether the two sample variances are reasonable to use common population variance

(a)

Expert Solution
Check Mark

Answer to Problem 10.24E

The obtained value is less than 3; therefore it is reasonable to use common population variance.

Explanation of Solution

Given:

    DEF
    t-Test: Two-sample Assuming Equal Variances
    Sample 1Sample 2
    Mean28.66728.286
    Variance5.0672.238
    Observations67
    Pooled Variance3.524
    Hypothesized Mean Difference0
    df11
    t Stat0.365
    P(T<=t) one-tail0.361
    t Critical one-tail1.796
    P(T<=t) two-tail0.722
    t Critical two-tail2.201

Calculation:

To test the common population variance is reasonable or not, we have the test statistics asLarger s2smaller s2>3

From the output by substituting the values we get

  5.0672.238=2.264

This value is less than 3 so it is reasonable to use common population variance.

Conclusion: The obtained value is less than 3, therefore it is reasonable to use common population variance.

(b)

To determine

To find: the observed value of the test statistic andthe P-value associated with the test

(b)

Expert Solution
Check Mark

Answer to Problem 10.24E

The observed value for the test statistics is tSTAT=0.365 . The P-value associated with the test statistics for two tailed test is Pvalue=0.722 .

Explanation of Solution

Given:

    DEF
    t-Test: Two-sample Assuming Equal Variances
    Sample 1Sample 2
    Mean28.66728.286
    Variance5.0672.238
    Observations67
    Pooled Variance3.524
    Hypothesized Mean Difference0
    df11
    t Stat0.365
    P(T<=t) one-tail0.361
    t Critical one-tail1.796
    P(T<=t) two-tail0.722
    t Critical two-tail2.201

Calculation:

From the above output the observed value for the test statistics is tSTAT=0.365 .

The P-value associated with the test statistics for two tailed test is Pvalue=0.722 .

The observed value for the test statistics is tSTAT=0.365 . The P-value associated with the test statistics for two tailed test is Pvalue=0.722 .

Conclusion:

Therefore, observed value for the test statistics is tSTAT=0.365 and the P-value associated with the test statistics for two tailed test is Pvalue=0.722 .

(c)

To determine

To find: the pooled estimate s2 of the population variance

(c)

Expert Solution
Check Mark

Answer to Problem 10.24E

The pooled estimate s2 of the population variance is 3.524 .

Explanation of Solution

Given:

    DEF
    t-Test: Two-sample Assuming Equal Variances
    Sample 1Sample 2
    Mean28.66728.286
    Variance5.0672.238
    Observations67
    Pooled Variance3.524
    Hypothesized Mean Difference0
    df11
    t Stat0.365
    P(T<=t) one-tail0.361
    t Critical one-tail1.796
    P(T<=t) two-tail0.722
    t Critical two-tail2.201

Calculation:

From the table, the pooled estimate s2 of the population varianceis 3.524

Conclusion: Thus, the pooled estimate s2 of the population variance is 3.524 .

(d)

To determine

To state: conclusions about the difference in the two populations by using part b answer

(d)

Expert Solution
Check Mark

Answer to Problem 10.24E

From part b we can see that the test statistics value is not lie in the critical region we fail to reject the null hypothesis that the population means are equal.

Explanation of Solution

Calculation:

t-critical value for the two-tail is 2.201

From part b we can see that the test statistics value is not lie in the critical region we fail to reject the null hypothesis that the population means are equal.

Conclusion: therefore, from part b we can see that the test statistics value is not lie in the critical region we fail to reject the null hypothesis that the population means are equal.

(e)

To determine

To find: a 95% confidence interval for the difference in the population and explain whether the interval confirm the conclusion in part d

(e)

Expert Solution
Check Mark

Answer to Problem 10.24E

The 95% confidence interval for the difference in the population mean is

  (1.890,2.698) . From the interval we can see that the interval contains 0 value, so the interval conforms the conclusion in part d.

Explanation of Solution

Given:

    DEF
    t-Test: Two-sample Assuming Equal Variances
    Sample 1Sample 2
    Mean28.66728.286
    Variance5.0672.238
    Observations67
    Pooled Variance3.524
    Hypothesized Mean Difference0
    df11
    t Stat0.365
    P(T<=t) one-tail0.361
    t Critical one-tail1.796
    P(T<=t) two-tail0.722
    t Critical two-tail2.201

Calculation:

The 95% confidence interval for the difference in the population mean is

  ((x1¯x2¯)±tαs2( 1 n 1 + 1 n 2 ))

From the above output by substituting the value, we get

  ((x1¯x2¯)±tαs2( 1 n 1 + 1 n 2 ))

  ((28.66728.268)±2.2013.524( 1 6 + 1 7 ))

  (1.890,2.698)

From the interval we can see that the interval contains 0 value so the interval conforms the conclusion in part d.

Conclusion: Therefore, 95% confidence interval for the difference in the population mean is

  (1.890,2.698) . From the interval we can see that the interval contains 0 value, so the interval conforms the conclusion in part d.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
The class will include a data exercise where students will be introduced to publicly available data sources. Students will gain experience in manipulating data from the web and applying it to understanding the economic and demographic conditions of regions in the U.S. Regions and topics of focus will be determined (by the student with instructor approval) prior to April. What data exercise can I do to fulfill this requirement? Please explain.
Consider the ceocomp dataset of compensation information for the CEO’s of 100 U.S. companies. We wish to fit aregression model to assess the relationship between CEO compensation in thousands of dollars (includes salary andbonus, but not stock gains) and the following variates:AGE: The CEOs age, in yearsEDUCATN: The CEO’s education level (1 = no college degree; 2 = college/undergrad. degree; 3 = grad. degree)BACKGRD: Background type(1= banking/financial; 2 = sales/marketing; 3 = technical; 4 = legal; 5 = other)TENURE: Number of years employed by the firmEXPER: Number of years as the firm CEOSALES: Sales revenues, in millions of dollarsVAL: Market value of the CEO's stock, in natural logarithm unitsPCNTOWN: Percentage of firm's market value owned by the CEOPROF: Profits of the firm, before taxes, in millions of dollars1) Create a scatterplot matrix for this dataset. Briefly comment on the observed relationships between compensationand the other variates.Note that companies with negative…
6 (Model Selection, Estimation and Prediction of GARCH) Consider the daily returns rt of General Electric Company stock (ticker: "GE") from "2021-01-01" to "2024-03-31", comprising a total of 813 daily returns. Using the "fGarch" package of R, outputs of fitting three GARCH models to the returns are given at the end of this question. Model 1 ARCH (1) with standard normal innovations; Model 2 Model 3 GARCH (1, 1) with Student-t innovations; GARCH (2, 2) with Student-t innovations; Based on the outputs, answer the following questions. (a) What can be inferred from the Standardized Residual Tests conducted on Model 1? (b) Which model do you recommend for prediction between Model 2 and Model 3? Why? (c) Write down the fitted model for the model that you recommended in Part (b). (d) Using the model recommended in Part (b), predict the conditional volatility in the next trading day, specifically trading day 814.

Chapter 10 Solutions

EP INTRODUCTION TO PROBABILITY+STAT.

Ch. 10.3 - Prob. 10.12ECh. 10.3 - Prob. 10.13ECh. 10.3 - Cholesterol, continued Refer to Exercise 10.16....Ch. 10.4 - Give the number of degrees of freedom for s2, the...Ch. 10.4 - Prob. 10.19ECh. 10.4 - Prob. 10.20ECh. 10.4 - Prob. 10.21ECh. 10.4 - Prob. 10.22ECh. 10.4 - The MINITAB printout shows a test for the...Ch. 10.4 - Prob. 10.24ECh. 10.4 - Healthy Teeth Jan Lindhe conducted a studyon the...Ch. 10.4 - Prob. 10.26ECh. 10.4 - Prob. 10.27ECh. 10.4 - Disinfectants An experiment published in...Ch. 10.4 - Prob. 10.29ECh. 10.4 - Prob. 10.31ECh. 10.4 - Prob. 10.32ECh. 10.4 - Freestyle Swimmers, continued Refer toExercise...Ch. 10.4 - Prob. 10.34ECh. 10.4 - Prob. 10.35ECh. 10.5 - Prob. 10.36ECh. 10.5 - Prob. 10.37ECh. 10.5 - Prob. 10.38ECh. 10.5 - Prob. 10.39ECh. 10.5 - Runners and Cyclists II Refer to Exercise 10.27....Ch. 10.5 - Prob. 10.41ECh. 10.5 - No Left Turn An experiment was conducted to...Ch. 10.5 - Healthy Teeth II Exercise 10.25 describes adental...Ch. 10.5 - Prob. 10.44ECh. 10.5 - Prob. 10.45ECh. 10.5 - Prob. 10.46ECh. 10.5 - Prob. 10.47ECh. 10.6 - Prob. 10.49ECh. 10.6 - Prob. 10.50ECh. 10.6 - A random sample of size n=7 from a...Ch. 10.6 - Prob. 10.54ECh. 10.6 - Prob. 10.56ECh. 10.7 - Prob. 10.58ECh. 10.7 - Prob. 10.59ECh. 10.7 - Prob. 10.60ECh. 10.7 - Prob. 10.63ECh. 10.7 - Prob. 10.64ECh. 10.7 - Prob. 10.65ECh. 10.7 - Prob. 10.66ECh. 10 - Prob. 10.67SECh. 10 - Prob. 10.68SECh. 10 - Prob. 10.69SECh. 10 - Prob. 10.70SECh. 10 - Prob. 10.71SECh. 10 - Prob. 10.72SECh. 10 - Prob. 10.73SECh. 10 - Prob. 10.74SECh. 10 - Prob. 10.76SECh. 10 - Prob. 10.78SECh. 10 - Prob. 10.79SECh. 10 - Prob. 10.80SECh. 10 - Prob. 10.81SECh. 10 - Prob. 10.82SECh. 10 - Prob. 10.83SECh. 10 - Prob. 10.84SECh. 10 - Prob. 10.85SECh. 10 - Prob. 10.86SECh. 10 - Prob. 10.88SECh. 10 - Prob. 10.89SECh. 10 - Prob. 10.90SECh. 10 - Dieting Eight obese persons were placed on a diet...Ch. 10 - Prob. 10.93SECh. 10 - Reaction Times II Refer to Exercise10.94. Suppose...Ch. 10 - Prob. 10.96SECh. 10 - Prob. 10.97SECh. 10 - Prob. 10.98SECh. 10 - Prob. 10.99SECh. 10 - Prob. 10.101SECh. 10 - Prob. 10.105SECh. 10 - Alcohol and Altitude The effect of...Ch. 10 - Prob. 10.107SECh. 10 - Prob. 10.108SECh. 10 - Prob. 10.109SECh. 10 - Prob. 10.110SECh. 10 - Prob. 10.111SECh. 10 - Prob. 10.112SECh. 10 - Prob. 10.114SECh. 10 - Prob. 10.116SECh. 10 - Prob. 10.118SECh. 10 - Prob. 1CSCh. 10 - Prob. 2CSCh. 10 - Prob. 3CS
Knowledge Booster
Background pattern image
Statistics
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
Text book image
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Text book image
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Hypothesis Testing using Confidence Interval Approach; Author: BUM2413 Applied Statistics UMP;https://www.youtube.com/watch?v=Hq1l3e9pLyY;License: Standard YouTube License, CC-BY
Hypothesis Testing - Difference of Two Means - Student's -Distribution & Normal Distribution; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=UcZwyzwWU7o;License: Standard Youtube License