![Essential Statistics](https://www.bartleby.com/isbn_cover_images/9781259570643/9781259570643_largeCoverImage.gif)
a.
State the null and alternate hypotheses.
a.
![Check Mark](/static/check-mark.png)
Answer to Problem 21E
The hypotheses are given below:
Null hypothesis:
That is, there is no significant difference between the
Alternate hypothesis:
That is, the mean number of hours spent on internet is significantly increased from the first survey to second survey.
Explanation of Solution
Calculation:
It is given that, the statistics regarding the number of hours spent on internet per week in the first survey is
Hypothesis:
Hypothesis is an assumption about the parameter of the population, and the assumption may or may not be true.
Let
Claim:
Here, the claim is whether the mean number of hours spent on internet is been increased in the second survey or not.
The hypotheses are given below:
Null hypothesis:
Null hypothesis is a statement which is tested for statistical significance in the test. The decision criterion indicates whether the null hypothesis will be rejected or not in the favor of alternate hypothesis.
That is, there is no significant difference between the mean number of hours spent on internet for the first survey and the second survey.
Alternate hypothesis:
Alternate hypothesis is contradictory statement of the null hypothesis
That is, the mean number of hours spent on internet is significantly increased from the first survey to second survey.
b.
Find the value of t-test statistic.
b.
![Check Mark](/static/check-mark.png)
Answer to Problem 21E
The value of t-test statistic is –1.105006.
Explanation of Solution
Calculation:
Requirements for a small sample t-test:
- The samples must be independent and drawn randomly from the populations.
- Either the sample size must be greater than 30 or the population must be approximately normal.
Here, it is given that both the samples are simple random samples.
Thus, the conditions are satisfied.
The test statistic for the small sample t is obtained as follows:
Under the null hypothesis,
Therefore the test statistic is,
Thus, the test statistic is –1.105006.
c.
Find the number of degrees of freedom for the test statistic.
c.
![Check Mark](/static/check-mark.png)
Answer to Problem 21E
The number of degrees of freedom for the test statistic is 1,017.
Explanation of Solution
Calculation:
Degrees of freedom:
The degrees of freedom for t using computer package is,
The degrees of freedom, when computing by hand is smaller of
The degrees of freedom is,
Thus, the degree of freedom is 1,017.
d.
Check whether the null hypothesis is rejected at
d.
![Check Mark](/static/check-mark.png)
Answer to Problem 21E
There is not enough evidence to reject the null hypothesis at
There is no significant difference between the mean number of hours spent on internet for the first survey and the second survey.
Explanation of Solution
P-value:
Step-by-step procedure to obtain the P-value using the MINITAB software:
- Choose Graph > Probability Distribution Plot
- Choose View Probability > OK.
- From Distribution, choose‘t’ distribution.
- In Degrees of freedom, enter 1,017.
- Click the Shaded Area tab.
- Choose X value and Left Tail for the region of the curve to shade.
- In X-value enter –1.105006.
- Click OK.
Output using the MINITAB software is given below:
From the MINITAB output, the P-value is 0.1347.
Thus, the P-value is 0.1347.
Decision rule based on P-value:
If
If
Here, the level of significance is
Conclusion based on P-value approach:
The P-value is 0.1347 and
Here, P-value is greater than the
That is,
By the rejection rule, fail to reject the null hypothesis.
Hence, it can be concluded that there is no significant difference between the mean number of hours spent on internet for the first survey and the second survey.
Thus, it can be concluded that there is sufficient evidence to infer the equality of two population means at
Want to see more full solutions like this?
Chapter 9 Solutions
Essential Statistics
- Examine the Variables: Carefully review and note the names of all variables in the dataset. Examples of these variables include: Mileage (mpg) Number of Cylinders (cyl) Displacement (disp) Horsepower (hp) Research: Google to understand these variables. Statistical Analysis: Select mpg variable, and perform the following statistical tests. Once you are done with these tests using mpg variable, repeat the same with hp Mean Median First Quartile (Q1) Second Quartile (Q2) Third Quartile (Q3) Fourth Quartile (Q4) 10th Percentile 70th Percentile Skewness Kurtosis Document Your Results: In RStudio: Before running each statistical test, provide a heading in the format shown at the bottom. “# Mean of mileage – Your name’s command” In Microsoft Word: Once you've completed all tests, take a screenshot of your results in RStudio and paste it into a Microsoft Word document. Make sure that snapshots are very clear. You will need multiple snapshots. Also transfer these results to the…arrow_forward2 (VaR and ES) Suppose X1 are independent. Prove that ~ Unif[-0.5, 0.5] and X2 VaRa (X1X2) < VaRa(X1) + VaRa (X2). ~ Unif[-0.5, 0.5]arrow_forward8 (Correlation and Diversification) Assume we have two stocks, A and B, show that a particular combination of the two stocks produce a risk-free portfolio when the correlation between the return of A and B is -1.arrow_forward
- 9 (Portfolio allocation) Suppose R₁ and R2 are returns of 2 assets and with expected return and variance respectively r₁ and 72 and variance-covariance σ2, 0%½ and σ12. Find −∞ ≤ w ≤ ∞ such that the portfolio wR₁ + (1 - w) R₂ has the smallest risk.arrow_forward7 (Multivariate random variable) Suppose X, €1, €2, €3 are IID N(0, 1) and Y2 Y₁ = 0.2 0.8X + €1, Y₂ = 0.3 +0.7X+ €2, Y3 = 0.2 + 0.9X + €3. = (In models like this, X is called the common factors of Y₁, Y₂, Y3.) Y = (Y1, Y2, Y3). (a) Find E(Y) and cov(Y). (b) What can you observe from cov(Y). Writearrow_forward1 (VaR and ES) Suppose X ~ f(x) with 1+x, if 0> x > −1 f(x) = 1−x if 1 x > 0 Find VaRo.05 (X) and ES0.05 (X).arrow_forward
- Joy is making Christmas gifts. She has 6 1/12 feet of yarn and will need 4 1/4 to complete our project. How much yarn will she have left over compute this solution in two different ways arrow_forwardSolve for X. Explain each step. 2^2x • 2^-4=8arrow_forwardOne hundred people were surveyed, and one question pertained to their educational background. The results of this question and their genders are given in the following table. Female (F) Male (F′) Total College degree (D) 30 20 50 No college degree (D′) 30 20 50 Total 60 40 100 If a person is selected at random from those surveyed, find the probability of each of the following events.1. The person is female or has a college degree. Answer: equation editor Equation Editor 2. The person is male or does not have a college degree. Answer: equation editor Equation Editor 3. The person is female or does not have a college degree.arrow_forward
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman
![Text book image](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
![Text book image](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)