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    The document describes a hypothesis test to compare the mean annual family incomes of two populations. Sample data is provided for 75 people at the first development with a mean of $150,000 and standard deviation of $40,000 and 120 people at the second development with a mean of $180,000 and standard deviation of $30,000. The test concludes that the population means are different with a p-value of 0.

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    250 views34 pages
    The document describes a hypothesis test to compare the mean annual family incomes of two populations. Sample data is provided for 75 people at the first development with a mean of $150,000 and standard deviation of $40,000 and 120 people at the second development with a mean of $180,000 and standard deviation of $30,000. The test concludes that the population means are different with a p-value of 0.

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    The document describes a hypothesis test to compare the mean annual family incomes of two populations. Sample data is provided for 75 people at the first development with a mean of $150,000 and standard deviation of $40,000 and 120 people at the second development with a mean of $180,000 and standard deviation of $30,000. The test concludes that the population means are different with a p-value of 0.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    250 views34 pages

    Statistics

    Uploaded by

    John Altman
    The document describes a hypothesis test to compare the mean annual family incomes of two populations. Sample data is provided for 75 people at the first development with a mean of $150,000 and standard deviation of $40,000 and 120 people at the second development with a mean of $180,000 and standard deviation of $30,000. The test concludes that the population means are different with a p-value of 0.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 34

    Problem: The null and alternate hypotheses are: H0: 1 =2 H1: 1 ?

    2 A random sample of 15 obs


    Data:
    n1
    n2
    x1-bar
    x2-bar
    s1
    s2

    15
    17
    350
    342
    12
    15

    (1) Formulate the hypotheses:


    Ho: 1 = 2
    Ha: 1 2
    (2) Decide the test statistic and the level of significance:
    t (Two-tailed), =
    Degrees of freedom =
    Lower Critical t- score =
    Upper Crtical t- score =

    0.1
    30
    -1.6973
    1.6973

    (3) State the decision Rule:


    Reject Ho if |t| >

    1.6973

    (4) Calculate the value of test statistic:


    Pooled SD, s = [{(n1 - 1) s1^2 + (n2 - 1) s2^2} / (n1 + n2 - 2)] = 13.6821
    SE = s * {(1 /n1) + (1 /n2)} =
    4.8468
    t = (x1-bar -x2-bar)/SE =
    1.6506
    (5) Compare with the critical value and make a decision:
    Since

    1.6506

    <

    1.6973

    we fail to reject Ho

    Decision: There is no sufficient evidence that the population means are different.
    (6) Calculate the p- value for the test and interpret it:
    p- value =

    0.1093

    This is the probability of rejecting a true null hypothesis.

    1 ?2 A random sample of 15 observations from the first population revealed a sample mean of 350 and a sam

    we fail to reject Ho

    n means are different.

    null hypothesis.

    ple mean of 350 and a sample standard deviation of 12. A random sample of 17 observations from the second p

    ns from the second population revealed a sample mean of 342 and a sample standard deviation of 15. At the .1

    ation of 15. At the .10 significance level, is there a difference in the population means? Notice: use the five-step

    ice: use the five-step hypothesis testing procedure for the following exercises

    Problem: Ms. Lisa Monnin is the budget director for Nexus Media, Inc. She would like to compare the
    Data:
    n1
    n2
    x1-bar
    x2-bar
    s1
    s2

    Sales Staff
    131
    135
    146
    165
    136
    142

    6
    7
    142.50
    130.29
    12.24
    15.79

    (1) Formulate the hypotheses:


    x-bar =
    s=

    Ha: 1 2
    Ha: 1 > 2
    (2) Decide the test statistic and the level of significance:
    t (Right-tailed), =
    Degrees of freedom =
    Critical t- score =

    0.1
    11
    1.3634

    (3) State the decision Rule:


    Reject Ho if t >

    1.3634

    (4) Calculate the value of test statistic:


    Pooled SD, s = [{(n1 - 1) s1^2 + (n2 - 1) s2^2} / (n1 + n2 - 2)] = 14.28581
    SE = s * {(1 /n1) + (1 /n2)} =
    7.9479
    t = (x1-bar -x2-bar)/SE =
    1.5368
    (5) Compare with the critical value and make a decision:
    Since

    1.5368

    >

    1.3634

    we reject Ho and accept Ha

    Decision: It appears that the expenses are greater for the Sales staff.
    (6) Calculate the p- value for the test and interpret it:
    p- value =

    0.0763

    This is the probability of rejecting a true null hypothesis.

    142.50
    12.24

    d like to compare the daily travel expenses for the sales staff and the audit staff. She collected the following sam
    Audit Staff
    130
    102
    129
    143
    149
    120
    139
    130.29
    15.79

    She collected the following sample information. Sales ($) 131 135 146 165 136 142 Audit ($) 130 102 129 143 1

    130

    102

    $) 130 102 129 143 149 120 139 At the .10 significance level, can she conclude that the mean daily expenses a

    129

    143

    149

    120

    139

    ean daily expenses are greater for the sales staff than the audit staff? What is the p-value?

    Problem:

    The management of Discount Furniture, a chain of discount furniture stores in the Northeast, designed

    Before
    320
    290
    421
    510
    210
    401
    625
    560
    360
    431
    506
    505

    After d = After - Before


    340
    20
    285
    -5
    475
    54
    510
    0
    210
    0
    500
    99
    631
    6
    560
    0
    365
    5
    431
    0
    525
    19
    619
    114
    d-bar =
    s=

    Data:
    n = n1 = n2
    d-bar
    s (of d)

    26
    40.95

    12
    26.00
    40.9523

    (1) Formulate the hypotheses:


    Ho: d-bar
    Ha: d-bar >

    0
    0

    (2) Decide the test statistic and the level of significance:


    t (Right-tailed)), =
    Degrees of freedom =
    Critical t- score =

    0.05
    11
    1.7959

    (3) State the decision Rule:


    Reject Ho if t >

    1.7959

    (4) Calculate the value of test statistic:


    SE = s/n =
    t = d-bar/SE =

    11.8219
    2.1993

    (5) Compare with the critical value and make a decision:

    Since

    2.1993

    >

    1.7959 we reject Ho and accept Ha

    Decision: It appears that there has been a significant increase in the income.
    (6) Calculate the p- value for the test and interpret it:
    p- value =

    0.0501

    This is the probability of rejecting a true null hypothesis.

    count furniture stores in the Northeast, designed an incentive plan for salespeople. To evaluate this innovative plan, 12 salespeople wer

    reject Ho and accept Ha

    ncrease in the income.

    g a true null hypothesis.

    ative plan, 12 salespeople were selected at random, and their weekly incomes before and after the plan were recorded. Salesperson Bef

    ecorded. Salesperson Before After Sid Malone $320 $340 Carol Quick 290 285 Tom Jackson 421 475 Andy Jones 510 510 Jean Sloan 21

    s 510 510 Jean Sloan 210 210 Jack Walker 401 500 Peg Mancuso 625 631 Anita Loma 560 560 John Cuso 360 365 Carl Utz 431 431 A.

    365 Carl Utz 431 431 A.S. Kushner 506 525 Fern Lawnton 505 619 Was there a significant increase in the typical salesperson's weekly

    ical salesperson's weekly income due to the innovative incentive plan? Use the .05 significance level. Estimate the p-value, and interpre

    the p-value, and interpret it.

    Problem: Fairfield Homes is developing two parcels near Pigeon Fork, Tennessee. In order to test diff
    Data:
    n1
    n2
    x1-bar
    x2-bar
    s1
    s2

    75
    120
    150000
    180000
    40000
    30000

    (1) Formulate the hypotheses:


    Ho: 1 = 2
    Ha: 1 2
    (2) Decide the test statistic and the level of significance:
    t (Two-tailed), =
    Degrees of freedom =
    Lower Critical t- score =
    Upper Crtical t- score =

    0.05
    193
    -1.9723
    1.9723

    (3) State the decision Rule:


    Reject Ho if |t| >

    1.9723

    (4) Calculate the value of test statistic:


    Pooled SD, s = [{(n1 - 1) s1^2 + (n2 - 1) s2^2} / (n1 + n2 - 2)] =
    SE = s * {(1 /n1) + (1 /n2)} =
    5031.4211
    t = (x1-bar -x2-bar)/SE =
    -5.9625

    34182

    (5) Compare with the critical value and make a decision:


    Since

    5.9625

    >

    1.9723

    we reject Ho and accept Ha

    Decision: It appears that the population means are different.


    (6) Calculate the p- value for the test and interpret it:
    p- value =

    0.0000

    This is the probability of rejecting a true null hypothesis.

    ork, Tennessee. In order to test different advertising approaches, they use different media to reach potential buy

    we reject Ho and accept Ha

    null hypothesis.

    media to reach potential buyers. The mean annual family income for 75 people making inquiries at the first deve

    ries at the first development is $150,000, with a standard deviation of $40,000. A corresponding sample of 120

    nding sample of 120 people at the second development had a mean of $180,000, with a standard deviation of $

    andard deviation of $30,000. At the .05 significance level, can Fairfield conclude that the population means are

    opulation means are different?

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