Statistical Techniques in Business and Economics
Statistical Techniques in Business and Economics
16th Edition
ISBN: 9780077639723
Author: Lind
Publisher: Mcgraw-Hill Course Content Delivery
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Chapter 13, Problem 8E
To determine

Test whether the correlation in the population is less than zero or not.

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2. An experiment is set up to test the effectiveness of a new drug for balancing people's mood. The table below contains the results of the patients before and after taking the drug. The possible scores are the integers from 0 to 10, where 0 indicates a depressed mood and 10 indicates and elated mood. Patient Before After 1 4 4 2 3 3 3 6 4 4 1 2 5 6 5 6 1 3 7 4 7 8 6 9 1 4 10 5 4 Assuming the differences of the observations to be symmetric, but not normally distributed, investigate the effectiveness of the drug at the 5% significance level. [4 Marks]
3. (i) Consider the following R code: wilcox.test(UK Supermarkets $Salary ~ UKSupermarkets $Supermarket) (a) Which test is being used in this code? (b) What is the name of the dataset under consideration? How would be adapt this code if we had ties? What other command can be used which deals with ties? (ii) Consider the following R code: install packages("nortest") library(nortest) lillie.test (Differences) (a) Assuming the appropriate dataset has been imported and attached, what is wrong with this code? (b) If this code were to be corrected, what would be determined by run- ning it? [3 Marks]
1. (i) Explain the difference in application between the Mann-Whitney U test and the Wilcoxon Signed-Rank test, i.e. in which scenarios would each test be used? (ii) What is the main procedure underlying these nonparametric tests? [3 Marks]

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Statistical Techniques in Business and Economics

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Correlation Vs Regression: Difference Between them with definition & Comparison Chart; Author: Key Differences;https://www.youtube.com/watch?v=Ou2QGSJVd0U;License: Standard YouTube License, CC-BY
Correlation and Regression: Concepts with Illustrative examples; Author: LEARN & APPLY : Lean and Six Sigma;https://www.youtube.com/watch?v=xTpHD5WLuoA;License: Standard YouTube License, CC-BY