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    Stats Reading Questions

    Uploaded by

    Katherine Sauer
    This document provides reading questions for chapters 2, 6, 7, 8, 9 of the textbook Essential Statistics for Economics, Business and Management. The questions cover topics in descriptive statistics, sampling distributions, confidence intervals, hypothesis testing, and inference from small samples. Students are asked to define key terms, write statistical formulas, explain statistical procedures, and describe the interpretation of statistical results.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Stats Reading Questions

    Uploaded by

    Katherine Sauer
    43 views9 pages
    This document provides reading questions for chapters 2, 6, 7, 8, 9 of the textbook Essential Statistics for Economics, Business and Management. The questions cover topics in descriptive statistics, sampling distributions, confidence intervals, hypothesis testing, and inference from small samples. Students are asked to define key terms, write statistical formulas, explain statistical procedures, and describe the interpretation of statistical results.

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    This document provides reading questions for chapters 2, 6, 7, 8, 9 of the textbook Essential Statistics for Economics, Business and Management. The questions cover topics in descriptive statistics, sampling distributions, confidence intervals, hypothesis testing, and inference from small samples. Students are asked to define key terms, write statistical formulas, explain statistical procedures, and describe the interpretation of statistical results.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    43 views9 pages

    Stats Reading Questions

    Uploaded by

    Katherine Sauer
    This document provides reading questions for chapters 2, 6, 7, 8, 9 of the textbook Essential Statistics for Economics, Business and Management. The questions cover topics in descriptive statistics, sampling distributions, confidence intervals, hypothesis testing, and inference from small samples. Students are asked to define key terms, write statistical formulas, explain statistical procedures, and describe the interpretation of statistical results.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 9

    Quantitative Methods for Economics Dr.

    Katie Sauer

    Reading Questions for Teresa Bradleys Essential Statistics for Economics, Business and Management Chapters 2, 6, 7, 8, 9 _______________________________________________________________________ Descriptive Statistics (ch 2) Complete the following table by filling in the appropriate formulas. Add any notes that might help you use the formulas. Raw Data Population Mean Grouped Data

    Sample Mean

    Mid-Interval Value

    Median

    Mode

    1st Quartile

    2nd Quartile

    3rd Quartile

    Raw Data Range

    Grouped Data .. . .

    Variance

    Standard Deviation

    InterQuartile Range Quartile Deviation

    Write the formula for the Coefficient of Variation. What does it tell you?

    Write the formula for Pearsons Coefficient of skewness. What does it tell you?

    Explain how to construct a box plot.

    Explain the grouping assumption.

    What is a frequency distribution? How do you construct one?

    What is a cumulative frequency graph (Ogive)? How do you construction one?

    What is a weighted average?

    Sampling Distributions for Means and Proportions (ch 6) What is the difference between a statistic and a parameter?

    What is a point estimator?

    What does the notation

    refer to?

    What does the notation

    refer to?

    What does standard error of the mean refer to?

    What is sampling error?

    What does the Central Limit Theorem say?

    What is a proportion?

    How do you calculate the mean for a sample proportion?

    How do you calculate the standard error for a sample proportion?

    How do you do a sampling distribution of proportions?

    How do you calculate the mean and standard error for sample proportions when the population proportion is unknown?

    Explain the desirable properties of estimators.

    Confidence Intervals for Means and Proportions (ch 7) Write the formula for a (1-)(100%) confidence interval for :

    In general terms, what *is* a confidence interval?

    How do you find a confidence interval for n > 30 when is unknown?

    Review the very useful chart on page 292.

    What is a one-sided confidence interval?

    How do you construct a one-sided confidence interval?

    How do you construct a confidence interval for proportions?

    Review the very useful chart on page 298.

    What are the effects of , the level of confidence and n on the precision of the confidence interval?

    How do you calculate the sample needed to yield a confidence interval of a given level of precision?

    Write the expression for the distribution for the difference of 2 means.

    Write the expression for the confidence interval for the difference of 2 means.

    Write the expression for the distribution for the difference to 2 proportions.

    Write the expression for the confidence interval for the difference of 2 proportions.

    Review the very useful chart on page 308.

    How do you interpret a confidence interval?

    Tests of Hypothesis for Means and Proportions (ch 8) What is a null hypothesis?

    What assumption do we make about the null hypothesis?

    How would you test a null hypothesis?

    What is an alternative hypothesis?

    What is a p-value?

    What is a significance test?

    What are the steps for a classical method hypothesis test?

    How can you informally describe the t-statistic? Formally?

    What is a Type I error?

    What is the maximum probability of making a Type I error?

    What is a Type II error?

    What is the power of a test?

    What is a one-sided test? Two-sided?

    What are the steps for hypothesis testing?

    How are Confidence Intervals and hypothesis tests related?

    How do you conduct a hypothesis test for proportions?

    How do you conduct a hypothesis test for the difference between means or proportions?

    How do you conduct a pooled estimate of variance?

    Inference from Small Samples (ch 9) What is a t-distribution? When is it used?

    How do you calculate the number of degrees of freedom?

    How do you construct a confidence interval for n < 30 when is known and the population is normal?

    How do you construct a confidence interval for n < 30 when is unknown?

    What test statistic would you use for a small sample with unknown population standard deviation?

    How do you construct a confidence interval and perform a hypothesis test for a difference of means from small, independent samples?

    What is the formula for the pooled estimate of variance? When is it used?

    What is an F-test? How do you perform one? When do you perform one?

    What is a paired sample?

    How do you construct a confidence interval and perform a hypothesis test for the difference in means from a paired sample?

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