Compare the population means

Assignment Help Accounting Basics
Reference no: EM131002390

The data in the table below are from two populations that may or may not be the same.

XU

0.65

YU

1.01

2.01

1.75

1.80

1.27

1.13

2.48

1.74

2.91

1.36

2.38

1.55

2.79

1.05

1.94

1.55

 

1.63

 

(i) Carry out a two-sample test to compare the population means. What  assumptions are required for this to be a valid test? At the α = 0.05 signi?cance level, what does this result imply about the null hypothesis?

(ii) Carry out a MWW test to determine if the two populations have the same me- dians or not. At the α = 0.05 signi?cance level, what does this result imply about the null hypothesis?

(iii) It turns out that the data were generated from two distinct uniform distributions, where the Y distribution is slightly different. Which test, the parametric or the nonparametric, is more effective in this case? Offer some reasons for the observed performance of one test versus the other.

(iv) In light of what was speci?ed about the two populations in (iii), and the p-values associated with each test, comment on the use of α = 0.05 as an absolute arbiter of signi?cance.

Reference no: EM131002390

Questions Cloud

Two-parameter regression model : The following is a set of residuals from a two-parameter regression model:
Find an area with dim lighting to conduct this experiment : Find an area with dim lighting to conduct this experiment. Stand next to the participant and instruct him/her to focus on a distant object. Quickly shine the light into the right eye.
Why does having good plans help project teams : "Why does having good plans help project teams during project execution? Why is it difficult to develop good plans
Comparative advantage in producing fish : Suppose that Kiribati can produce 1000 tons of breadfruit or 500 tons of fish, and that Tuvalu can produce 750 tons of breadfruit or 1875 tons of fish. What is the opportunity cost of 1 unit of fish in Kiribati? Show your work. What is the opportunit..
Compare the population means : Carry out a two-sample t test to compare the population means. What  assumptions are required for this to be a valid test? At the α = 0.05 signi?cance level, what does this result imply about the null hypothesis?
Discuss the similarities and differences between organisms : An essay: Discuss the similarities and differences between organisms in the domains Bacteria and Archaea.
Explain how this is reflected in the accounting records : Explain how this is reflected in the accounting records if the shares are formally retired.
What could the government do to increase consumer spending : If the economy is operating at a point less than full employment (as it is now), what would we want to see happen to GDP? For right now, let's just look at the C (consumption) component of our GDP equation. What would we want to see happen to consume..
How this affects the total-marginal and average cost curves : Otto’s Autos buys cars for resale from the manufacturer at the price of $10,000 per car. Assuming there are no other costs, draw Otto’s total, marginal, and average cost curves. Suppose Otto launches a new ad campaign that costs $100,000. On a separa..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss the major differences in the calculation of income

Discuss the major differences in the calculation of income

  Advance products inc has just organized a new division to

advance products inc. has just organized a new division to manufacture and sell specially designed tables using select

  In its first month of operation kuhlman company purchased

in its first month of operation kuhlman company purchased 100 units of inventory for 6 then 200 units for 7 and finally

  Project related to the depreciation changes

On January 1, 2010, Apartments Plus Company purchased an apartment building and related equipment that have the following useful lives, salvage values, and costs.

  Person who is shown his or her argument commits

"Julie started carrying a rabbit's foot, then she won the lottery. The rabbit's foot must have caused her to win the lottery"

  Where would the acquisition of a new building valued at

1. where would the acquisition of a new building valued at 250000appear on the statement of cash flows if the

  Discuss the functions of management

Discuss the functions of management. Which function of management is the most important? Support your answer.

  Simple balance sheet of assets and liabilities

Assume that Banc One receives a primary deposit of $1 million. The bank must keep reserves of 20 percent against its deposits. Prepare a simple balance sheet of assets and liabilities for Banc One immediately after the deposit is received.

  The following characteristics are related to either

the following characteristics are related to either periodic inventory or perpetual inventory systems.a. purchase of

  Transport design is shopping for new equipment managers are

transport design is shopping for new equipment. managers are considering 2 investments. equipment manufactured by rouse

  Non-recognition treatment under irc

Research and analyze whether transactions are eligible for non-recognition treatment under IRC §351. Using your tax research memo template developed in Module One, prepare a tax research memorandum to problem C:2-62 in your textbook.

  Summary of the current value replacement cost

(a) Give a brief summary of the current value replacement cost accounting system (entry values). (b) Give a brief summary of the current value net realisable value accounting system (exit values).

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd