1. Suppose you take independent random samples from populations with means and and standard...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1. Suppose you take independent random samples from populations with means μ₁ and μ₂ and standard deviations ₁1 and 0₂. Furthermore, assume either that (i) both populations have normal distributions, or (ii) the sample sizes (n₁ and n₂) are large. If X₁ and X₂ are the random sample means, then (x₁-x₂)-(H1-H₂) how does the quantity behave? Give the + n1 nz name of the distribution and any parameters needed to describe it. 2. Suppose you take independent random samples from populations with means μ₁ and μ₂. Furthermore, assume either that (i) both populations have normal distributions, or (ii) the sample sizes (n₁ and n₂) are large. If X₁ and X₂ are the random sample means, and S₁ and S₂ are the random sample standard deviations, then how does the quantity (x₂-x₂)-(H₁-H₂) 122 behave? Give the name of the distribution and any parameters needed to describe it. 3. An ACME Bearings manager wants to compare the average ball bearing sizes from two different machines. She suspects the mean diameter for bearings from machine 2 exceeds that of bearings from machine 1. She takes two independent, random samples of size 50, one from each machine. The mean and standard deviation of bearings taken from machine 1 are 3.302 mm and 0.051 mm. The mean and standard deviation of bearings taken from machine 2 are 3.355 mm and 0.050 mm. Run a hypothesis test consistent with her suspicions. Be sure to a. check all necessary assumptions; b. state the null and alternative hypotheses; c. decide whether or not to pool and explain why; d. calculate the test statistic and p-value; e. state your conclusion in a complete sentence based on the p-value. 4. Use the data from the previous problem to make a 98% t-interval for the difference between the true means. In doing so, be sure to a. check all necessary assumptions for making the t-interval; b. calculate the interval endpoints; c. interpret the interval in a complete sentence. 1. Suppose you take independent random samples from populations with means μ₁ and μ₂ and standard deviations ₁1 and 0₂. Furthermore, assume either that (i) both populations have normal distributions, or (ii) the sample sizes (n₁ and n₂) are large. If X₁ and X₂ are the random sample means, then (x₁-x₂)-(H1-H₂) how does the quantity behave? Give the + n1 nz name of the distribution and any parameters needed to describe it. 2. Suppose you take independent random samples from populations with means μ₁ and μ₂. Furthermore, assume either that (i) both populations have normal distributions, or (ii) the sample sizes (n₁ and n₂) are large. If X₁ and X₂ are the random sample means, and S₁ and S₂ are the random sample standard deviations, then how does the quantity (x₂-x₂)-(H₁-H₂) 122 behave? Give the name of the distribution and any parameters needed to describe it. 3. An ACME Bearings manager wants to compare the average ball bearing sizes from two different machines. She suspects the mean diameter for bearings from machine 2 exceeds that of bearings from machine 1. She takes two independent, random samples of size 50, one from each machine. The mean and standard deviation of bearings taken from machine 1 are 3.302 mm and 0.051 mm. The mean and standard deviation of bearings taken from machine 2 are 3.355 mm and 0.050 mm. Run a hypothesis test consistent with her suspicions. Be sure to a. check all necessary assumptions; b. state the null and alternative hypotheses; c. decide whether or not to pool and explain why; d. calculate the test statistic and p-value; e. state your conclusion in a complete sentence based on the p-value. 4. Use the data from the previous problem to make a 98% t-interval for the difference between the true means. In doing so, be sure to a. check all necessary assumptions for making the t-interval; b. calculate the interval endpoints; c. interpret the interval in a complete sentence.
Expert Answer:
Answer rating: 100% (QA)
1 The quantity meanmeanstandard deviation follows a tdistribution with parameters ni n2 2 degrees of ... View the full answer
Related Book For
Understanding Basic Statistics
ISBN: 978-1111827021
6th edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
Posted Date:
Students also viewed these mathematics questions
-
Consider independent random samples from two populations that are normal or approximately normal, or the case in which both sample sizes are at least 30. Then, if Ï1 and Ï2 are unknown but...
-
Suppose we select two independent random samples from populations having means 1 and 2. If 1, = 151, 2 = 162, 1, = 6, 2 = 8, n1 = 625 and n2 = 625: a. Calculate a 95 percent confidence interval for 1...
-
Consider independent random samples from two populations that are normal or approximately normal, or the case in which both sample sizes are at least 30. Then, if 1 and 2 are unknown but we have...
-
Let B > 0. Show that the maximum of subject to the constraints x + this to conclude that f(x,...,xn) = X1 X2 Xn for all positive numbers a,..., an. . + xn = B and xj 0 for j = 1,. n occurs for x =...
-
Bill Haas has opened Ciabatta and Whatnot, a wholesale grocery and bread company. The following transactions occurred in January: 201X Jan. 1 Sold grocery merchandise to Cindi Co. on account, $900,...
-
What are the different types of private insurers?
-
Compare the strengths and weaknesses of the three major architectural frameworks for business models discussed in this chapter. If you are looking to developing a website connecting all students at...
-
If Pepperdine, Inc.s return on equity is 16 percent and the management plans to retain 60 percent of earnings for investment purposes, what will be the firms growth rate?
-
As a member of the IT team atDon & Associates,a financial consulting company that provides services to small-and medium-sized companies. Because the company is looking to expandinto neighboring...
-
Kalogridis Corp. manufactures industrial dye. The company is preparing its 2011 master budget and has presented you with the following information: a. The projected December 31, 2010, balance sheet...
-
A game of chance offers the following odds and payoffs. Each play of the game costs $200, so the net profit per play is the payoff less $200. Probability 0.30 0.60 0.10 Payoff $600 200 0 Net Profit...
-
South Charleroi Airport is a regional airport serving the leisure travel market. The inverse demand curve for this airport is P = 150 Q. Assume that there are only two airlines serving this airport,...
-
Suppose that \(x_{i}\) is endogenous in the regression \(y_{i}=\beta_{1}+\beta_{2} x_{i}+e_{i}\). Suppose that \(z_{i}\) is an instrumental variable that takes two values, one and zero with...
-
Demosthenes, the great Greek orator of antiquity, is supposed to have claimed that the most important canon was delivery, the second most important was delivery, and the third most important was...
-
Angrist and Krueger (1991) use quarter of birth as an instrumental variable to estimate the returns to schooling, using a sample of 327,509 from the 1980 census. The model of interest is \(\ln (W A G...
-
Changing a nations eating habits is a Herculean task, but the physical and financial health of the United States depends on it. You work for the USDA Center for Nutrition Policy and Promotion, and...
-
What must be done to maintain a patent? See the Maintain Your Patent section of the USPTO website, found here Links to an external site.
-
President Lee Coone has asked you to continue planning for an integrated corporate NDAS network. Ultimately, this network will link all the offices with the Tampa head office and become the...
-
In your own words, carefully explain the meanings of the following terms: point estimate, critical value, maximal margin of error, confidence level, and confidence interval.
-
The price of a share of stock divided by a companys estimated future earnings per share is called the P/E ratio. High P/E ratios usually indicate growth stocks, or maybe stocks that are simply...
-
Let z be a random variable with a standard normal distribution. Find the indicated probability and shade the corresponding area under the standard normal curve. P(z 0)
-
Consider a stochastic process such that the underlying security \(S\) follows the model: \[d S_{t}=\mu S_{t} d t+\sigma_{t} S_{t} d Z_{t}\] where \(Z\) is a standard Brownian motion. Suppose the...
-
Calculate the solution to the following SDE: \[d X_{t}=\alpha\left(m-X_{t} ight) d t+\sigma d B_{t}\] with \(X_{0}=x\). The process satisfying this equation is called the meanreverting...
-
Let \(B_{t}\) be a standard Brownian motion started at 0 . Use that for any function \(f\) we have: \[\mathbf{E}\left[f\left(B_{t} ight) ight]=\frac{1}{\sqrt{2 \pi t}} \int_{-\infty}^{\infty} f(x)...
Study smarter with the SolutionInn App