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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.

  1. H 0 : _________
  2. H a : _________
  3. In words, define the random variable.
  4. The distribution to use for the test is _____________.
  5. Calculate the test statistic using your data.
  6. Draw a graph and label it appropriately. Shade the actual level of significance.
    1. Graph:
      This is a blank graph template. The vertical and horizontal axes are unlabeled.
    2. Calculate the p -value.
  7. Do you reject or not reject the null hypothesis? Why?
  8. 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.

  1. H 0 : ________
  2. H a : ________
  3. In words, define the random variable.
  4. The distribution to use for the test is _____________.
  5. Calculate the test statistic using your data.
  6. Draw a graph and label it appropriately. Shade the actual level of significance.
    1. Graph:
      This is a blank graph template. The vertical and horizontal axes are unlabeled.
    2. Calculate the p -value:
  7. Do you reject or not reject the null hypothesis? Why?
  8. 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.

  1. H 0 : ________
  2. H a : ________
  3. In words, define the random variable.
  4. What distribution should be used for this test?
  5. Calculate the test statistic using your data.
  6. Draw a graph and label it appropriately. Shade the actual level of significance.
    1. Graph:
      This is a blank graph template. The vertical and horizontal axes are unlabeled.
    2. Calculate the p -value.
  7. Do you reject or not reject the null hypothesis? Why?
  8. 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.

  1. H 0 : ________
  2. H a : ________
  3. In words, define the random variable.
  4. The distribution to use for the test is ________________.
  5. Calculate the test statistic using your data.
  6. Draw a graph and label it appropriately. Shade the actual level of significance.
    1. Graph:
      This is a blank graph template. The vertical and horizontal axes are unlabeled.
    2. Calculate the p -value.
  7. Do you reject or not reject the null hypothesis? Why?
  8. Write a clear conclusion using a complete sentence.

Questions & Answers

profit maximize for monopolistically?
Usman Reply
what kind of demand curve under monopoly?
Mik Reply
what is the difference between inflation and scarcity ?
Abdu Reply
What stops oligopolists from acting together as a monopolist and earning the highest possible level of profits?
Mik
why economics is difficult for 2nd school students.
Siraj Reply
what does mean opportunity cost?
Aster Reply
what is poetive effect of population growth
Solomon Reply
what is inflation
Nasir Reply
what is demand
Eleni
what is economics
IMLAN Reply
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.
Kalkidan
What is demand and supply
EMPEROR Reply
deman means?
Alex
what is supply?
Alex
ex play supply?
Alex
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.
murana Reply
good
Kayode
what is money market
umar Reply
Examine the distinction between theory of comparative cost Advantage and theory of factor proportion
Fatima Reply
What is inflation
Bright Reply
a general and ongoing rise in the level of prices in an economy
AI-Robot
What are the factors that affect demand for a commodity
Florence Reply
price
Kenu
differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
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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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