Hypothesis testing for two means and two proportions
Class Time:
Names:
Student learning outcomes
The student will select the appropriate distributions to use in each case.
The student will conduct hypothesis tests and interpret the results.
Supplies:
the business section from two consecutive days’ newspapers
three small packages of M&Ms®
five small packages of Reese's Pieces®
Increasing stocks survey
Look at yesterday’s newspaper business section. Conduct a hypothesis test to determine if
the proportion of New York Stock Exchange (NYSE) stocks that increased is greater than theproportion of NASDAQ stocks that increased. As randomly as possible, choose 40 NYSE
stocks, and 32 NASDAQ stocks and complete the following statements.
H
0 : _________
H
a : _________
In words, define the random variable.
The distribution to use for the test is _____________.
Calculate the test statistic using your data.
Draw a graph and label it appropriately. Shade the actual level of significance.
Graph:
Calculate the
p -value.
Do you reject or not reject the null hypothesis? Why?
Write a clear conclusion using a complete sentence.
Decreasing stocks survey
Randomly pick eight stocks from the newspaper. Using two consecutive days’ business sections, test whether the stocks went down, on average, for the second day.
H
0 : ________
H
a : ________
In words, define the random variable.
The distribution to use for the test is _____________.
Calculate the test statistic using your data.
Draw a graph and label it appropriately. Shade the actual level of significance.
Graph:
Calculate the
p -value:
Do you reject or not reject the null hypothesis? Why?
Write a clear conclusion using a complete sentence.
Candy survey
Buy three small packages of M&Ms and five small packages of Reese's Pieces (same net weight as the M&Ms). Test whether or not the mean number of candy pieces per package is the same for the two brands.
H
0 : ________
H
a : ________
In words, define the random variable.
What distribution should be used for this test?
Calculate the test statistic using your data.
Draw a graph and label it appropriately. Shade the actual level of significance.
Graph:
Calculate the
p -value.
Do you reject or not reject the null hypothesis? Why?
Write a clear conclusion using a complete sentence.
Shoe survey
Test whether women have, on average, more pairs of shoes than men. Include all forms of sneakers, shoes, sandals, and boots. Use your class as the sample.
H
0 : ________
H
a : ________
In words, define the random variable.
The distribution to use for the test is ________________.
Calculate the test statistic using your data.
Draw a graph and label it appropriately. Shade the actual level of significance.
Graph:
Calculate the
p -value.
Do you reject or not reject the null hypothesis? Why?
Write a clear conclusion using a complete sentence.
economics theory describes individual behavior as the result of a process of optimization under constraints the objective to be reached being determined by
Kalkidan
Economics is a branch of social science that deal with How to wise use of resource ,s
Kassie
need
WARKISA
Economic Needs: In economics, needs are goods or services that are necessary for maintaining a certain standard of living. This includes things like healthcare, education, and transportation.
Money market is a branch or segment of financial market where short-term debt instruments are traded upon. The instruments in this market includes Treasury bills, Bonds, Commercial Papers, Call money among other.
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Source:
OpenStax, Statistics i - math1020 - red river college - version 2015 revision a - draft 2015-10-24. OpenStax CNX. Oct 24, 2015 Download for free at http://legacy.cnx.org/content/col11891/1.8
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