Final Exam Practice Problem Answers

Size: px
Start display at page:

Download "Final Exam Practice Problem Answers"

Transcription

1 Final Exam Practice Problem Answers The following data set consists of data gathered from 77 popular breakfast cereals. The variables in the data set are as follows: Brand: The brand name of the cereal Calories: The number of calories per serving Protein: The number of grams of protein per serving Fat: The number of grams of fat per serving Fiber: The number of grams of fiber per serving Sodium: The number of milligrams (mg) of sodium per serving Carbo: The number of grams of carbohydrates per serving Sugars: The number of grams of sugars per serving Vitamins: The percentage of the recommended daily allowance (RDA) of vitamins per serving Shelf: 1 indicates that the cereal appears on the lowest shelf in the store indicates that the cereal does not appear on the lowest shelf in the store rating: An overall healthiness rating for the cereal. The higher the rating, the healthier the cereal. Some observations from the data set follow: name calories protein fat sodium fiber carbo sugars vitamins Shelf rating Product_ Cheerios Corn_Flakes Rice_Krispies Corn_Chex The Excel output below gives information about the sodium content in the 77 cereals. Use this to answer the following questions sodium Mean Standard Error Median 18 Mode Standard Deviation Sample Variance Kurtosis Skewness Range 32 Minimum Maximum 32 Sum Count 77 Confidence Level(9.%) sodium Min Q1 13 Median 18 Q3 21 Max 32 Outliers 1

2 1. Describe the shape of the distribution of sodium contents in the 77 breakfast cereals. The distribution is slightly skewed to the left and contains 9 outliers. These outliers all appear as one point on the boxplot because each of the 9 outlying cereals contain mg of sodium per serving. 2. What is the median sodium content in the cereals? What does this value represent? The median sodium content in the cereals is 18 mg. This implies that 5% of the cereals in the sample have less than 18 mg. of sodium per serving. Likewise, 5% of the cereals in the sample have more than 18 mg. of sodium per serving. 3. The 25% of the cereals that contain the most sodium contain at least how much sodium per serving? This value would be 75 th percentile or the 3 rd quartile. The 25% of the cereals with most sodium contain at least 21 mg per serving. 4. What is the standard deviation of the sodium contents? What does this value represent? The standard deviation of the sodium contents is This is a measure of variability in the sample. Specifically it measures the spread of the observations around the sample mean. 5. Assume that this represents a random sample of 77 cereals from the population of all breakfast cereals. Conduct a hypothesis test to determine if the mean sodium content in all cereals is greater than 14 mg. per serving. State the null and alternative hypothesis, the test statistic, p- value or an approximate p-value, and the decision and conclusion. Use α =.1 Ho: µ = 14 Ha: µ > 14 x µ Test statistic: t = = = 2.6 s n 77 Degrees of freedom: n-1 = 76 p-value: use approximate degrees of freedom of 8 on the t-table. Note that the computed test statistic falls between the critical values of 1.99 and 2.88 on the t-table. This implies that the p-value falls in the range.2 < p-value <.25. Decision: Since the p-value is greater than α, we will not reject the null hypothesis. There is not sufficient evidence at the 1% level of significance to conclude that the mean sodium content in all cereals is greater than 14 mg per serving. 6. What is the IQR of the sample? What does this value represent? The IQR gives the range of the middle 5% of the sample. It is the difference between the third and first quartiles and is given by Q3-Q1 = = 8. The following Excel output gives information about the healthiness ratings of cereals that appear on the low shelf in the store compared to the ratings of cereals that do not appear on the low shelf in the store. The output was generated using α =.5. Use this output to answer the following questions. Assume that the data represent random samples from the populations of all cereals on the low shelf and those not on the low shelf in the store. 2

3 7. What is the sample variance of the healthiness rating of cereals that do not appear on the low shelf? s 2 = Suppose you wish to conduct a hypothesis test to determine if cereals on the low shelf have a lower average healthiness rating than those appearing on higher shelves. State the null and alternative hypothesis to test this claim. H : µ low = µ hi H a : µ low < µ hi 9. State the test statistic, p-value, decision, and conclusion to the hypothesis test in the previous question. Use α =.5 Test statistic: p-value:.2 Decision: Since the p-value is less than α, reject H. There is sufficient evidence to conclude that cereals on the low shelf have lower average healthiness ratings than those that do not appear on the low shelf. 1. Compute and interpret a 95% confidence interval to estimate the difference in the population mean healthiness ratings between cereals that appear on the lower shelf and those on higher shelves. 2 2 s1 s ( x 1 x2 ) ± t * + = ± n n = ± 2.32(3.51) = ± With 95% confidence, on average cereals on the low shelf in the grocery store have a rating of between 3.45 and points lower than cereals on higher shelves. 3

4 11. What is the margin of error for the confidence interval computed in the previous question? The margin of error for the interval computed above is Suppose that the 77 cereals represent a random sample of all breakfast cereals. 21 of the cereals contain more than 1 grams of sugar per serving. Use this information to answer the following questions. 12. Compute a 99% confidence interval to estimate the true proportion of breakfast cereals that contain more than 1 grams of sugar per serving. Interpret the interval. x p = = =.284 n (.155,.413) ( p ) ( ) * p p ± z =.284 ± n ( ) =.284 ± =.284 ±.1291 = We are 99% confident that the true population proportion of all breakfast cereals that contain more than 1 grams of sugar per serving is between 16% and 41%. 13. A consumer health advocacy group states that more than one quarter of all breakfast cereals contain more than 1 grams of sugar per serving. State the null and alternative hypothesis to test this claim. Ho: p =.25 Ha: p > For the test in the previous question, state the test statistic, p-value, decision and conclusion. Use α =.1 x 21 pˆ = = =.2727 n 77 Test statistic: pˆ p z = = p 1 p ( ) ( ) n =.4935 =.46 p-value:.3228 Decision: Since the p-value is greater than α, do not reject Ho. There is not enough evidence at the 1% level of significance to conclude that more than one quarter of all breakfast cereals contain more than 1 grams of sugar. 4

5 The following table gives a breakdown of the shelf on which the cereal appears (shelf = 1 indicates the low shelf, shelf = indicates a higher shelf), and the manufacturer of the cereal. Self = 1 Shelf = Row totals General Mills Kellogg Nabisco Quaker Other Column totals Use this table information to test for the independence between the two categorical variables, shelf and manufacturer. State the null and alternative hypothesis, compute the test statistic, and give an approximate p-value for the test. State your decision and conclusion based on α =.5. Ho: The shelf on which a cereal appears is independent of the manufacturer. Ha: The shelf on which a cereal appears depends on the manufacturer. Table of expected cell counts: Table of ( actual expected )2 expected Self = 1 Shelf = Row totals General Mills Kellogg Nabisco Quaker Other Column totals Self = 1 General Mills Kellogg Nabisco Quaker Other Shelf = Row totals Column totals Test statistic: Degrees of freedom: (5-1)(2-1) = 4 p-value: The closest critical value on the chi square table with 4 degrees of freedom is 5.39 which has a tail probability of.25. Our computed test statistic is which gives an upper tail probability that is larger than.25. Thus, our p-value is larger than.25. Decision: Since p-value > α, we do not reject Ho. There is not enough evidence at the 5% level of significance to conclude that the shelf on which a cereal appears is dependent upon the manufacturer. 16. Of those cereals on the low shelf, what percentage is made by Nabisco? 2/21 =.95 = 9.5% 5

6 Use the multiple regression output below to answer the following questions. The output reflects the regression of the healthiness rating (Y) on the number of calories, fat, and fiber grams per serving as well as the shelf on which the cereal appears. SUMMARY OUTPUT: Regression using PredInt.xls Regression Statistics Multiple R.8284 R Square.6863 Adjusted R Square.6689 Standard Error Observations 77 ANOVA df SS MS F Significance (p-value) for F Regression Residual Total Dependent (Criterion) Variable: rating Coef-ficients Standard Error t Stat P-value (2-tails) Lower 95% Upper 95% X Values for Prediction Intercept calories fat fiber Shelf Confidence Level Prediction Interval for a Single Observation Predicted of rating, with the X Values that you Standard Error enter in the yellow boxes. Lower 95% Upper 95% Confidence Interval for Expected rating Fit while holding X constant at the values that you Standard Error enter in the yellow boxes. Lower 95% Upper 95% What is R 2? What does this value mean? This means that 68.63% of the observed variation in the healthiness ratings can be explained by the calories, fat, and fiber per serving in addition to the shelf on which the cereal appears. 18. Estimate the healthiness rating of a cereal with 1 calories, 2 grams of fat, grams of fiber per serving that appears on the low shelf. y ˆ = * * * 5.414*1 = Test to determine if the number of fat grams per serving is a significant linear predictor of the healthiness rating. State the null and alternative hypothesis, test statistic, p-value, decision and conclusion. Use α =.5. Ho: β = Ha: β 6

7 Test statistic: p-value:.2 Decision: Since p-value < α, reject Ho. There is enough evidence at the 5% level of significance to conclude that the number of fat grams is a significant linear predictor of the healthiness rating of breakfast cereals. 2. State and interpret the 95% confidence interval for estimating the population slope coefficient of the variable fiber. The 95% confidence interval is given by (1.455, 3.194). We are 95% confident that a one gram increase in fiber per serving gives an increase in the population average cereal rating of between and points when comparing cereals with the same number of calories and fat grams per serving that appear on the same shelf. 21. State and interpret the 95% confidence interval for estimating the population slope coefficient of the variable shelf. The 95% confidence interval is given by (-9.771, -1.58). When comparing cereals with the same number of calories, fat, and fiber per serving, cereals on the low shelf have a population average rating of between 1.58 and points lower than cereals on higher shelves. 22. Interpret the slope coefficient for the variable calories. For each additional calorie per serving contained in a breakfast cereal, the predicted average rating decreases by.337 points when comparing cereals with the same amount of fat and fiber per serving that appear on the same shelf in the grocery store. 7

1. What is the critical value for this 95% confidence interval? CV = z.025 = invnorm(0.025) = 1.96

1. What is the critical value for this 95% confidence interval? CV = z.025 = invnorm(0.025) = 1.96 1 Final Review 2 Review 2.1 CI 1-propZint Scenario 1 A TV manufacturer claims in its warranty brochure that in the past not more than 10 percent of its TV sets needed any repair during the first two years

More information

Week TSX Index 1 8480 2 8470 3 8475 4 8510 5 8500 6 8480

Week TSX Index 1 8480 2 8470 3 8475 4 8510 5 8500 6 8480 1) The S & P/TSX Composite Index is based on common stock prices of a group of Canadian stocks. The weekly close level of the TSX for 6 weeks are shown: Week TSX Index 1 8480 2 8470 3 8475 4 8510 5 8500

More information

Class 19: Two Way Tables, Conditional Distributions, Chi-Square (Text: Sections 2.5; 9.1)

Class 19: Two Way Tables, Conditional Distributions, Chi-Square (Text: Sections 2.5; 9.1) Spring 204 Class 9: Two Way Tables, Conditional Distributions, Chi-Square (Text: Sections 2.5; 9.) Big Picture: More than Two Samples In Chapter 7: We looked at quantitative variables and compared the

More information

" Y. Notation and Equations for Regression Lecture 11/4. Notation:

 Y. Notation and Equations for Regression Lecture 11/4. Notation: Notation: Notation and Equations for Regression Lecture 11/4 m: The number of predictor variables in a regression Xi: One of multiple predictor variables. The subscript i represents any number from 1 through

More information

Regression step-by-step using Microsoft Excel

Regression step-by-step using Microsoft Excel Step 1: Regression step-by-step using Microsoft Excel Notes prepared by Pamela Peterson Drake, James Madison University Type the data into the spreadsheet The example used throughout this How to is a regression

More information

Elementary Statistics Sample Exam #3

Elementary Statistics Sample Exam #3 Elementary Statistics Sample Exam #3 Instructions. No books or telephones. Only the supplied calculators are allowed. The exam is worth 100 points. 1. A chi square goodness of fit test is considered to

More information

Regression Analysis: A Complete Example

Regression Analysis: A Complete Example Regression Analysis: A Complete Example This section works out an example that includes all the topics we have discussed so far in this chapter. A complete example of regression analysis. PhotoDisc, Inc./Getty

More information

Premaster Statistics Tutorial 4 Full solutions

Premaster Statistics Tutorial 4 Full solutions Premaster Statistics Tutorial 4 Full solutions Regression analysis Q1 (based on Doane & Seward, 4/E, 12.7) a. Interpret the slope of the fitted regression = 125,000 + 150. b. What is the prediction for

More information

Multiple Linear Regression

Multiple Linear Regression Multiple Linear Regression A regression with two or more explanatory variables is called a multiple regression. Rather than modeling the mean response as a straight line, as in simple regression, it is

More information

Outline. Topic 4 - Analysis of Variance Approach to Regression. Partitioning Sums of Squares. Total Sum of Squares. Partitioning sums of squares

Outline. Topic 4 - Analysis of Variance Approach to Regression. Partitioning Sums of Squares. Total Sum of Squares. Partitioning sums of squares Topic 4 - Analysis of Variance Approach to Regression Outline Partitioning sums of squares Degrees of freedom Expected mean squares General linear test - Fall 2013 R 2 and the coefficient of correlation

More information

KSTAT MINI-MANUAL. Decision Sciences 434 Kellogg Graduate School of Management

KSTAT MINI-MANUAL. Decision Sciences 434 Kellogg Graduate School of Management KSTAT MINI-MANUAL Decision Sciences 434 Kellogg Graduate School of Management Kstat is a set of macros added to Excel and it will enable you to do the statistics required for this course very easily. To

More information

Exercise 1.12 (Pg. 22-23)

Exercise 1.12 (Pg. 22-23) Individuals: The objects that are described by a set of data. They may be people, animals, things, etc. (Also referred to as Cases or Records) Variables: The characteristics recorded about each individual.

More information

5. Linear Regression

5. Linear Regression 5. Linear Regression Outline.................................................................... 2 Simple linear regression 3 Linear model............................................................. 4

More information

Chapter 7 Section 1 Homework Set A

Chapter 7 Section 1 Homework Set A Chapter 7 Section 1 Homework Set A 7.15 Finding the critical value t *. What critical value t * from Table D (use software, go to the web and type t distribution applet) should be used to calculate the

More information

Simple Linear Regression Inference

Simple Linear Regression Inference Simple Linear Regression Inference 1 Inference requirements The Normality assumption of the stochastic term e is needed for inference even if it is not a OLS requirement. Therefore we have: Interpretation

More information

Part 2: Analysis of Relationship Between Two Variables

Part 2: Analysis of Relationship Between Two Variables Part 2: Analysis of Relationship Between Two Variables Linear Regression Linear correlation Significance Tests Multiple regression Linear Regression Y = a X + b Dependent Variable Independent Variable

More information

Descriptive Statistics

Descriptive Statistics Descriptive Statistics Primer Descriptive statistics Central tendency Variation Relative position Relationships Calculating descriptive statistics Descriptive Statistics Purpose to describe or summarize

More information

Estimation of σ 2, the variance of ɛ

Estimation of σ 2, the variance of ɛ Estimation of σ 2, the variance of ɛ The variance of the errors σ 2 indicates how much observations deviate from the fitted surface. If σ 2 is small, parameters β 0, β 1,..., β k will be reliably estimated

More information

2013 MBA Jump Start Program. Statistics Module Part 3

2013 MBA Jump Start Program. Statistics Module Part 3 2013 MBA Jump Start Program Module 1: Statistics Thomas Gilbert Part 3 Statistics Module Part 3 Hypothesis Testing (Inference) Regressions 2 1 Making an Investment Decision A researcher in your firm just

More information

Statistics I for QBIC. Contents and Objectives. Chapters 1 7. Revised: August 2013

Statistics I for QBIC. Contents and Objectives. Chapters 1 7. Revised: August 2013 Statistics I for QBIC Text Book: Biostatistics, 10 th edition, by Daniel & Cross Contents and Objectives Chapters 1 7 Revised: August 2013 Chapter 1: Nature of Statistics (sections 1.1-1.6) Objectives

More information

STAT 350 Practice Final Exam Solution (Spring 2015)

STAT 350 Practice Final Exam Solution (Spring 2015) PART 1: Multiple Choice Questions: 1) A study was conducted to compare five different training programs for improving endurance. Forty subjects were randomly divided into five groups of eight subjects

More information

Univariate Regression

Univariate Regression Univariate Regression Correlation and Regression The regression line summarizes the linear relationship between 2 variables Correlation coefficient, r, measures strength of relationship: the closer r is

More information

LAB 4 INSTRUCTIONS CONFIDENCE INTERVALS AND HYPOTHESIS TESTING

LAB 4 INSTRUCTIONS CONFIDENCE INTERVALS AND HYPOTHESIS TESTING LAB 4 INSTRUCTIONS CONFIDENCE INTERVALS AND HYPOTHESIS TESTING In this lab you will explore the concept of a confidence interval and hypothesis testing through a simulation problem in engineering setting.

More information

3.4 Statistical inference for 2 populations based on two samples

3.4 Statistical inference for 2 populations based on two samples 3.4 Statistical inference for 2 populations based on two samples Tests for a difference between two population means The first sample will be denoted as X 1, X 2,..., X m. The second sample will be denoted

More information

Data Analysis Tools. Tools for Summarizing Data

Data Analysis Tools. Tools for Summarizing Data Data Analysis Tools This section of the notes is meant to introduce you to many of the tools that are provided by Excel under the Tools/Data Analysis menu item. If your computer does not have that tool

More information

Additional sources Compilation of sources: http://lrs.ed.uiuc.edu/tseportal/datacollectionmethodologies/jin-tselink/tselink.htm

Additional sources Compilation of sources: http://lrs.ed.uiuc.edu/tseportal/datacollectionmethodologies/jin-tselink/tselink.htm Mgt 540 Research Methods Data Analysis 1 Additional sources Compilation of sources: http://lrs.ed.uiuc.edu/tseportal/datacollectionmethodologies/jin-tselink/tselink.htm http://web.utk.edu/~dap/random/order/start.htm

More information

STATS8: Introduction to Biostatistics. Data Exploration. Babak Shahbaba Department of Statistics, UCI

STATS8: Introduction to Biostatistics. Data Exploration. Babak Shahbaba Department of Statistics, UCI STATS8: Introduction to Biostatistics Data Exploration Babak Shahbaba Department of Statistics, UCI Introduction After clearly defining the scientific problem, selecting a set of representative members

More information

Mean = (sum of the values / the number of the value) if probabilities are equal

Mean = (sum of the values / the number of the value) if probabilities are equal Population Mean Mean = (sum of the values / the number of the value) if probabilities are equal Compute the population mean Population/Sample mean: 1. Collect the data 2. sum all the values in the population/sample.

More information

How To Test For Significance On A Data Set

How To Test For Significance On A Data Set Non-Parametric Univariate Tests: 1 Sample Sign Test 1 1 SAMPLE SIGN TEST A non-parametric equivalent of the 1 SAMPLE T-TEST. ASSUMPTIONS: Data is non-normally distributed, even after log transforming.

More information

1.5 Oneway Analysis of Variance

1.5 Oneway Analysis of Variance Statistics: Rosie Cornish. 200. 1.5 Oneway Analysis of Variance 1 Introduction Oneway analysis of variance (ANOVA) is used to compare several means. This method is often used in scientific or medical experiments

More information

Independent t- Test (Comparing Two Means)

Independent t- Test (Comparing Two Means) Independent t- Test (Comparing Two Means) The objectives of this lesson are to learn: the definition/purpose of independent t-test when to use the independent t-test the use of SPSS to complete an independent

More information

1 Simple Linear Regression I Least Squares Estimation

1 Simple Linear Regression I Least Squares Estimation Simple Linear Regression I Least Squares Estimation Textbook Sections: 8. 8.3 Previously, we have worked with a random variable x that comes from a population that is normally distributed with mean µ and

More information

1. The parameters to be estimated in the simple linear regression model Y=α+βx+ε ε~n(0,σ) are: a) α, β, σ b) α, β, ε c) a, b, s d) ε, 0, σ

1. The parameters to be estimated in the simple linear regression model Y=α+βx+ε ε~n(0,σ) are: a) α, β, σ b) α, β, ε c) a, b, s d) ε, 0, σ STA 3024 Practice Problems Exam 2 NOTE: These are just Practice Problems. This is NOT meant to look just like the test, and it is NOT the only thing that you should study. Make sure you know all the material

More information

Two Related Samples t Test

Two Related Samples t Test Two Related Samples t Test In this example 1 students saw five pictures of attractive people and five pictures of unattractive people. For each picture, the students rated the friendliness of the person

More information

Example: Boats and Manatees

Example: Boats and Manatees Figure 9-6 Example: Boats and Manatees Slide 1 Given the sample data in Table 9-1, find the value of the linear correlation coefficient r, then refer to Table A-6 to determine whether there is a significant

More information

12: Analysis of Variance. Introduction

12: Analysis of Variance. Introduction 1: Analysis of Variance Introduction EDA Hypothesis Test Introduction In Chapter 8 and again in Chapter 11 we compared means from two independent groups. In this chapter we extend the procedure to consider

More information

Bill Burton Albert Einstein College of Medicine william.burton@einstein.yu.edu April 28, 2014 EERS: Managing the Tension Between Rigor and Resources 1

Bill Burton Albert Einstein College of Medicine william.burton@einstein.yu.edu April 28, 2014 EERS: Managing the Tension Between Rigor and Resources 1 Bill Burton Albert Einstein College of Medicine william.burton@einstein.yu.edu April 28, 2014 EERS: Managing the Tension Between Rigor and Resources 1 Calculate counts, means, and standard deviations Produce

More information

Summary of Formulas and Concepts. Descriptive Statistics (Ch. 1-4)

Summary of Formulas and Concepts. Descriptive Statistics (Ch. 1-4) Summary of Formulas and Concepts Descriptive Statistics (Ch. 1-4) Definitions Population: The complete set of numerical information on a particular quantity in which an investigator is interested. We assume

More information

Dongfeng Li. Autumn 2010

Dongfeng Li. Autumn 2010 Autumn 2010 Chapter Contents Some statistics background; ; Comparing means and proportions; variance. Students should master the basic concepts, descriptive statistics measures and graphs, basic hypothesis

More information

Chapter 13 Introduction to Linear Regression and Correlation Analysis

Chapter 13 Introduction to Linear Regression and Correlation Analysis Chapter 3 Student Lecture Notes 3- Chapter 3 Introduction to Linear Regression and Correlation Analsis Fall 2006 Fundamentals of Business Statistics Chapter Goals To understand the methods for displaing

More information

Unit 31 A Hypothesis Test about Correlation and Slope in a Simple Linear Regression

Unit 31 A Hypothesis Test about Correlation and Slope in a Simple Linear Regression Unit 31 A Hypothesis Test about Correlation and Slope in a Simple Linear Regression Objectives: To perform a hypothesis test concerning the slope of a least squares line To recognize that testing for a

More information

Simple linear regression

Simple linear regression Simple linear regression Introduction Simple linear regression is a statistical method for obtaining a formula to predict values of one variable from another where there is a causal relationship between

More information

Chapter 7: Simple linear regression Learning Objectives

Chapter 7: Simple linear regression Learning Objectives Chapter 7: Simple linear regression Learning Objectives Reading: Section 7.1 of OpenIntro Statistics Video: Correlation vs. causation, YouTube (2:19) Video: Intro to Linear Regression, YouTube (5:18) -

More information

BA 275 Review Problems - Week 5 (10/23/06-10/27/06) CD Lessons: 48, 49, 50, 51, 52 Textbook: pp. 380-394

BA 275 Review Problems - Week 5 (10/23/06-10/27/06) CD Lessons: 48, 49, 50, 51, 52 Textbook: pp. 380-394 BA 275 Review Problems - Week 5 (10/23/06-10/27/06) CD Lessons: 48, 49, 50, 51, 52 Textbook: pp. 380-394 1. Does vigorous exercise affect concentration? In general, the time needed for people to complete

More information

AMS 7L LAB #2 Spring, 2009. Exploratory Data Analysis

AMS 7L LAB #2 Spring, 2009. Exploratory Data Analysis AMS 7L LAB #2 Spring, 2009 Exploratory Data Analysis Name: Lab Section: Instructions: The TAs/lab assistants are available to help you if you have any questions about this lab exercise. If you have any

More information

INTERPRETING THE ONE-WAY ANALYSIS OF VARIANCE (ANOVA)

INTERPRETING THE ONE-WAY ANALYSIS OF VARIANCE (ANOVA) INTERPRETING THE ONE-WAY ANALYSIS OF VARIANCE (ANOVA) As with other parametric statistics, we begin the one-way ANOVA with a test of the underlying assumptions. Our first assumption is the assumption of

More information

Chicago Booth BUSINESS STATISTICS 41000 Final Exam Fall 2011

Chicago Booth BUSINESS STATISTICS 41000 Final Exam Fall 2011 Chicago Booth BUSINESS STATISTICS 41000 Final Exam Fall 2011 Name: Section: I pledge my honor that I have not violated the Honor Code Signature: This exam has 34 pages. You have 3 hours to complete this

More information

DEPARTMENT OF PSYCHOLOGY UNIVERSITY OF LANCASTER MSC IN PSYCHOLOGICAL RESEARCH METHODS ANALYSING AND INTERPRETING DATA 2 PART 1 WEEK 9

DEPARTMENT OF PSYCHOLOGY UNIVERSITY OF LANCASTER MSC IN PSYCHOLOGICAL RESEARCH METHODS ANALYSING AND INTERPRETING DATA 2 PART 1 WEEK 9 DEPARTMENT OF PSYCHOLOGY UNIVERSITY OF LANCASTER MSC IN PSYCHOLOGICAL RESEARCH METHODS ANALYSING AND INTERPRETING DATA 2 PART 1 WEEK 9 Analysis of covariance and multiple regression So far in this course,

More information

Section 7.1. Introduction to Hypothesis Testing. Schrodinger s cat quantum mechanics thought experiment (1935)

Section 7.1. Introduction to Hypothesis Testing. Schrodinger s cat quantum mechanics thought experiment (1935) Section 7.1 Introduction to Hypothesis Testing Schrodinger s cat quantum mechanics thought experiment (1935) Statistical Hypotheses A statistical hypothesis is a claim about a population. Null hypothesis

More information

DATA INTERPRETATION AND STATISTICS

DATA INTERPRETATION AND STATISTICS PholC60 September 001 DATA INTERPRETATION AND STATISTICS Books A easy and systematic introductory text is Essentials of Medical Statistics by Betty Kirkwood, published by Blackwell at about 14. DESCRIPTIVE

More information

Two-Sample T-Tests Assuming Equal Variance (Enter Means)

Two-Sample T-Tests Assuming Equal Variance (Enter Means) Chapter 4 Two-Sample T-Tests Assuming Equal Variance (Enter Means) Introduction This procedure provides sample size and power calculations for one- or two-sided two-sample t-tests when the variances of

More information

MTH 140 Statistics Videos

MTH 140 Statistics Videos MTH 140 Statistics Videos Chapter 1 Picturing Distributions with Graphs Individuals and Variables Categorical Variables: Pie Charts and Bar Graphs Categorical Variables: Pie Charts and Bar Graphs Quantitative

More information

Module 5: Multiple Regression Analysis

Module 5: Multiple Regression Analysis Using Statistical Data Using to Make Statistical Decisions: Data Multiple to Make Regression Decisions Analysis Page 1 Module 5: Multiple Regression Analysis Tom Ilvento, University of Delaware, College

More information

Biostatistics: DESCRIPTIVE STATISTICS: 2, VARIABILITY

Biostatistics: DESCRIPTIVE STATISTICS: 2, VARIABILITY Biostatistics: DESCRIPTIVE STATISTICS: 2, VARIABILITY 1. Introduction Besides arriving at an appropriate expression of an average or consensus value for observations of a population, it is important to

More information

Business Statistics. Successful completion of Introductory and/or Intermediate Algebra courses is recommended before taking Business Statistics.

Business Statistics. Successful completion of Introductory and/or Intermediate Algebra courses is recommended before taking Business Statistics. Business Course Text Bowerman, Bruce L., Richard T. O'Connell, J. B. Orris, and Dawn C. Porter. Essentials of Business, 2nd edition, McGraw-Hill/Irwin, 2008, ISBN: 978-0-07-331988-9. Required Computing

More information

How Far is too Far? Statistical Outlier Detection

How Far is too Far? Statistical Outlier Detection How Far is too Far? Statistical Outlier Detection Steven Walfish President, Statistical Outsourcing Services steven@statisticaloutsourcingservices.com 30-325-329 Outline What is an Outlier, and Why are

More information

CHAPTER 11 CHI-SQUARE AND F DISTRIBUTIONS

CHAPTER 11 CHI-SQUARE AND F DISTRIBUTIONS CHAPTER 11 CHI-SQUARE AND F DISTRIBUTIONS CHI-SQUARE TESTS OF INDEPENDENCE (SECTION 11.1 OF UNDERSTANDABLE STATISTICS) In chi-square tests of independence we use the hypotheses. H0: The variables are independent

More information

Two-Sample T-Tests Allowing Unequal Variance (Enter Difference)

Two-Sample T-Tests Allowing Unequal Variance (Enter Difference) Chapter 45 Two-Sample T-Tests Allowing Unequal Variance (Enter Difference) Introduction This procedure provides sample size and power calculations for one- or two-sided two-sample t-tests when no assumption

More information

Using R for Linear Regression

Using R for Linear Regression Using R for Linear Regression In the following handout words and symbols in bold are R functions and words and symbols in italics are entries supplied by the user; underlined words and symbols are optional

More information

Section 13, Part 1 ANOVA. Analysis Of Variance

Section 13, Part 1 ANOVA. Analysis Of Variance Section 13, Part 1 ANOVA Analysis Of Variance Course Overview So far in this course we ve covered: Descriptive statistics Summary statistics Tables and Graphs Probability Probability Rules Probability

More information

Difference of Means and ANOVA Problems

Difference of Means and ANOVA Problems Difference of Means and Problems Dr. Tom Ilvento FREC 408 Accounting Firm Study An accounting firm specializes in auditing the financial records of large firm It is interested in evaluating its fee structure,particularly

More information

5/31/2013. Chapter 8 Hypothesis Testing. Hypothesis Testing. Hypothesis Testing. Outline. Objectives. Objectives

5/31/2013. Chapter 8 Hypothesis Testing. Hypothesis Testing. Hypothesis Testing. Outline. Objectives. Objectives C H 8A P T E R Outline 8 1 Steps in Traditional Method 8 2 z Test for a Mean 8 3 t Test for a Mean 8 4 z Test for a Proportion 8 6 Confidence Intervals and Copyright 2013 The McGraw Hill Companies, Inc.

More information

Chapter 23. Inferences for Regression

Chapter 23. Inferences for Regression Chapter 23. Inferences for Regression Topics covered in this chapter: Simple Linear Regression Simple Linear Regression Example 23.1: Crying and IQ The Problem: Infants who cry easily may be more easily

More information

2. Filling Data Gaps, Data validation & Descriptive Statistics

2. Filling Data Gaps, Data validation & Descriptive Statistics 2. Filling Data Gaps, Data validation & Descriptive Statistics Dr. Prasad Modak Background Data collected from field may suffer from these problems Data may contain gaps ( = no readings during this period)

More information

When to use Excel. When NOT to use Excel 9/24/2014

When to use Excel. When NOT to use Excel 9/24/2014 Analyzing Quantitative Assessment Data with Excel October 2, 2014 Jeremy Penn, Ph.D. Director When to use Excel You want to quickly summarize or analyze your assessment data You want to create basic visual

More information

Factors affecting online sales

Factors affecting online sales Factors affecting online sales Table of contents Summary... 1 Research questions... 1 The dataset... 2 Descriptive statistics: The exploratory stage... 3 Confidence intervals... 4 Hypothesis tests... 4

More information

Chapter 3 Quantitative Demand Analysis

Chapter 3 Quantitative Demand Analysis Managerial Economics & Business Strategy Chapter 3 uantitative Demand Analysis McGraw-Hill/Irwin Copyright 2010 by the McGraw-Hill Companies, Inc. All rights reserved. Overview I. The Elasticity Concept

More information

Statistics Review PSY379

Statistics Review PSY379 Statistics Review PSY379 Basic concepts Measurement scales Populations vs. samples Continuous vs. discrete variable Independent vs. dependent variable Descriptive vs. inferential stats Common analyses

More information

The Dummy s Guide to Data Analysis Using SPSS

The Dummy s Guide to Data Analysis Using SPSS The Dummy s Guide to Data Analysis Using SPSS Mathematics 57 Scripps College Amy Gamble April, 2001 Amy Gamble 4/30/01 All Rights Rerserved TABLE OF CONTENTS PAGE Helpful Hints for All Tests...1 Tests

More information

Basic Statistics and Data Analysis for Health Researchers from Foreign Countries

Basic Statistics and Data Analysis for Health Researchers from Foreign Countries Basic Statistics and Data Analysis for Health Researchers from Foreign Countries Volkert Siersma siersma@sund.ku.dk The Research Unit for General Practice in Copenhagen Dias 1 Content Quantifying association

More information

SPSS Guide: Regression Analysis

SPSS Guide: Regression Analysis SPSS Guide: Regression Analysis I put this together to give you a step-by-step guide for replicating what we did in the computer lab. It should help you run the tests we covered. The best way to get familiar

More information

2. What is the general linear model to be used to model linear trend? (Write out the model) = + + + or

2. What is the general linear model to be used to model linear trend? (Write out the model) = + + + or Simple and Multiple Regression Analysis Example: Explore the relationships among Month, Adv.$ and Sales $: 1. Prepare a scatter plot of these data. The scatter plots for Adv.$ versus Sales, and Month versus

More information

T O P I C 1 2 Techniques and tools for data analysis Preview Introduction In chapter 3 of Statistics In A Day different combinations of numbers and types of variables are presented. We go through these

More information

Simple Regression Theory II 2010 Samuel L. Baker

Simple Regression Theory II 2010 Samuel L. Baker SIMPLE REGRESSION THEORY II 1 Simple Regression Theory II 2010 Samuel L. Baker Assessing how good the regression equation is likely to be Assignment 1A gets into drawing inferences about how close the

More information

One-Way Analysis of Variance (ANOVA) Example Problem

One-Way Analysis of Variance (ANOVA) Example Problem One-Way Analysis of Variance (ANOVA) Example Problem Introduction Analysis of Variance (ANOVA) is a hypothesis-testing technique used to test the equality of two or more population (or treatment) means

More information

Course Text. Required Computing Software. Course Description. Course Objectives. StraighterLine. Business Statistics

Course Text. Required Computing Software. Course Description. Course Objectives. StraighterLine. Business Statistics Course Text Business Statistics Lind, Douglas A., Marchal, William A. and Samuel A. Wathen. Basic Statistics for Business and Economics, 7th edition, McGraw-Hill/Irwin, 2010, ISBN: 9780077384470 [This

More information

Pie Charts. proportion of ice-cream flavors sold annually by a given brand. AMS-5: Statistics. Cherry. Cherry. Blueberry. Blueberry. Apple.

Pie Charts. proportion of ice-cream flavors sold annually by a given brand. AMS-5: Statistics. Cherry. Cherry. Blueberry. Blueberry. Apple. Graphical Representations of Data, Mean, Median and Standard Deviation In this class we will consider graphical representations of the distribution of a set of data. The goal is to identify the range of

More information

THE FIRST SET OF EXAMPLES USE SUMMARY DATA... EXAMPLE 7.2, PAGE 227 DESCRIBES A PROBLEM AND A HYPOTHESIS TEST IS PERFORMED IN EXAMPLE 7.

THE FIRST SET OF EXAMPLES USE SUMMARY DATA... EXAMPLE 7.2, PAGE 227 DESCRIBES A PROBLEM AND A HYPOTHESIS TEST IS PERFORMED IN EXAMPLE 7. THERE ARE TWO WAYS TO DO HYPOTHESIS TESTING WITH STATCRUNCH: WITH SUMMARY DATA (AS IN EXAMPLE 7.17, PAGE 236, IN ROSNER); WITH THE ORIGINAL DATA (AS IN EXAMPLE 8.5, PAGE 301 IN ROSNER THAT USES DATA FROM

More information

HYPOTHESIS TESTING (ONE SAMPLE) - CHAPTER 7 1. used confidence intervals to answer questions such as...

HYPOTHESIS TESTING (ONE SAMPLE) - CHAPTER 7 1. used confidence intervals to answer questions such as... HYPOTHESIS TESTING (ONE SAMPLE) - CHAPTER 7 1 PREVIOUSLY used confidence intervals to answer questions such as... You know that 0.25% of women have red/green color blindness. You conduct a study of men

More information

CALCULATIONS & STATISTICS

CALCULATIONS & STATISTICS CALCULATIONS & STATISTICS CALCULATION OF SCORES Conversion of 1-5 scale to 0-100 scores When you look at your report, you will notice that the scores are reported on a 0-100 scale, even though respondents

More information

Least Squares Estimation

Least Squares Estimation Least Squares Estimation SARA A VAN DE GEER Volume 2, pp 1041 1045 in Encyclopedia of Statistics in Behavioral Science ISBN-13: 978-0-470-86080-9 ISBN-10: 0-470-86080-4 Editors Brian S Everitt & David

More information

UNIVERSITY OF TORONTO SCARBOROUGH Department of Computer and Mathematical Sciences Midterm Test March 2014

UNIVERSITY OF TORONTO SCARBOROUGH Department of Computer and Mathematical Sciences Midterm Test March 2014 UNIVERSITY OF TORONTO SCARBOROUGH Department of Computer and Mathematical Sciences Midterm Test March 2014 STAB22H3 Statistics I Duration: 1 hour and 45 minutes Last Name: First Name: Student number: Aids

More information

Chapter 7. One-way ANOVA

Chapter 7. One-way ANOVA Chapter 7 One-way ANOVA One-way ANOVA examines equality of population means for a quantitative outcome and a single categorical explanatory variable with any number of levels. The t-test of Chapter 6 looks

More information

An Introduction to Statistics Course (ECOE 1302) Spring Semester 2011 Chapter 10- TWO-SAMPLE TESTS

An Introduction to Statistics Course (ECOE 1302) Spring Semester 2011 Chapter 10- TWO-SAMPLE TESTS The Islamic University of Gaza Faculty of Commerce Department of Economics and Political Sciences An Introduction to Statistics Course (ECOE 130) Spring Semester 011 Chapter 10- TWO-SAMPLE TESTS Practice

More information

Stats Review Chapters 9-10

Stats Review Chapters 9-10 Stats Review Chapters 9-10 Created by Teri Johnson Math Coordinator, Mary Stangler Center for Academic Success Examples are taken from Statistics 4 E by Michael Sullivan, III And the corresponding Test

More information

Chapter 8: Hypothesis Testing for One Population Mean, Variance, and Proportion

Chapter 8: Hypothesis Testing for One Population Mean, Variance, and Proportion Chapter 8: Hypothesis Testing for One Population Mean, Variance, and Proportion Learning Objectives Upon successful completion of Chapter 8, you will be able to: Understand terms. State the null and alternative

More information

Chapter 7 Section 7.1: Inference for the Mean of a Population

Chapter 7 Section 7.1: Inference for the Mean of a Population Chapter 7 Section 7.1: Inference for the Mean of a Population Now let s look at a similar situation Take an SRS of size n Normal Population : N(, ). Both and are unknown parameters. Unlike what we used

More information

Generalized Linear Models

Generalized Linear Models Generalized Linear Models We have previously worked with regression models where the response variable is quantitative and normally distributed. Now we turn our attention to two types of models where the

More information

Non-Parametric Tests (I)

Non-Parametric Tests (I) Lecture 5: Non-Parametric Tests (I) KimHuat LIM lim@stats.ox.ac.uk http://www.stats.ox.ac.uk/~lim/teaching.html Slide 1 5.1 Outline (i) Overview of Distribution-Free Tests (ii) Median Test for Two Independent

More information

Center: Finding the Median. Median. Spread: Home on the Range. Center: Finding the Median (cont.)

Center: Finding the Median. Median. Spread: Home on the Range. Center: Finding the Median (cont.) Center: Finding the Median When we think of a typical value, we usually look for the center of the distribution. For a unimodal, symmetric distribution, it s easy to find the center it s just the center

More information

Statistics 100 Sample Final Questions (Note: These are mostly multiple choice, for extra practice. Your Final Exam will NOT have any multiple choice!

Statistics 100 Sample Final Questions (Note: These are mostly multiple choice, for extra practice. Your Final Exam will NOT have any multiple choice! Statistics 100 Sample Final Questions (Note: These are mostly multiple choice, for extra practice. Your Final Exam will NOT have any multiple choice!) Part A - Multiple Choice Indicate the best choice

More information

Chapter 5 Analysis of variance SPSS Analysis of variance

Chapter 5 Analysis of variance SPSS Analysis of variance Chapter 5 Analysis of variance SPSS Analysis of variance Data file used: gss.sav How to get there: Analyze Compare Means One-way ANOVA To test the null hypothesis that several population means are equal,

More information

Practice problems for Homework 12 - confidence intervals and hypothesis testing. Open the Homework Assignment 12 and solve the problems.

Practice problems for Homework 12 - confidence intervals and hypothesis testing. Open the Homework Assignment 12 and solve the problems. Practice problems for Homework 1 - confidence intervals and hypothesis testing. Read sections 10..3 and 10.3 of the text. Solve the practice problems below. Open the Homework Assignment 1 and solve the

More information

II. DISTRIBUTIONS distribution normal distribution. standard scores

II. DISTRIBUTIONS distribution normal distribution. standard scores Appendix D Basic Measurement And Statistics The following information was developed by Steven Rothke, PhD, Department of Psychology, Rehabilitation Institute of Chicago (RIC) and expanded by Mary F. Schmidt,

More information

Lecture 11: Confidence intervals and model comparison for linear regression; analysis of variance

Lecture 11: Confidence intervals and model comparison for linear regression; analysis of variance Lecture 11: Confidence intervals and model comparison for linear regression; analysis of variance 14 November 2007 1 Confidence intervals and hypothesis testing for linear regression Just as there was

More information

Is it statistically significant? The chi-square test

Is it statistically significant? The chi-square test UAS Conference Series 2013/14 Is it statistically significant? The chi-square test Dr Gosia Turner Student Data Management and Analysis 14 September 2010 Page 1 Why chi-square? Tests whether two categorical

More information

Predictor Coef StDev T P Constant 970667056 616256122 1.58 0.154 X 0.00293 0.06163 0.05 0.963. S = 0.5597 R-Sq = 0.0% R-Sq(adj) = 0.

Predictor Coef StDev T P Constant 970667056 616256122 1.58 0.154 X 0.00293 0.06163 0.05 0.963. S = 0.5597 R-Sq = 0.0% R-Sq(adj) = 0. Statistical analysis using Microsoft Excel Microsoft Excel spreadsheets have become somewhat of a standard for data storage, at least for smaller data sets. This, along with the program often being packaged

More information