Comparing sample variation to population variation

Assignment Help Microeconomics
Reference no: EM13785322

Question 1

An investigator claims, with 95 percent confidence, that the interval between 10 and 16 miles includes the mean commute distance for all California commuters. To have 95 percent confidence signifies that:

a. the unknown population mean is definitely between 10 and 16 miles

b. if these intervals were constructed for a long series of samples, approximately 95 percent would include the unknown mean commute distance for all Californians

c. if sample means were obtained for a long series of samples, approximately 95 percent of all sample means would be between 10 and 16 miles

d. the unknown population mean is between 10 and 16 miles with probability .95

Question 2

Any shift to a higher confidence level produces a:

a. narrower, more precise confidence interval

b. wider, less precise confidence interval

c. wider, more precise confidence interval

d. narrower, less precise confidence interval

Question 3

the larger the sample size,

a. the larger the standard error and the narrower the confidence interval

b. the smaller the standard error and the wider the confidence interval

c. the smaller the standard error and the narrower the confidence interval

d. the larger the standard error and the wider the confidence interval

Question 4

The t distribution is most different from the standard normal distribution when sample size is:

a. medium

b. large

c. very small

d. infinitely large

Question 5

A tire manufacturer wishes to show that, on average, a steel-belted radial tire provides more than 50,000 miles of wear. A random sample yields a sample mean of 53,500 and a standard deviation of 5,300 miles. From the manufacturer's perspective, it would be best of the sample size were:

a. 20

b. 30

c. 40

d. 50

Question 6

Even though the population standard deviation is unknown, an investigator uses z rather than the more appropriate t to test a hypothesis at the .01 level of significance. In this situation the true level of significance of this test is:

1. smaller than .01

2. unknown

3. equal to .01

4. larger than .01

Question 7

the t test for two independent samples has degrees of freedom equal to the

1. two sample sizes combined

2. two sample sizes combined minus one

3. two sample sizes combined minus two

4. two sample sizes combined minus three

5. larger sample

Question 8

The p-value for a test represents the probability

a. of the observed result, whether the null hypothesis is true or false

b. of the observed result, given that the null hypothesis is true

c. that the null hypothesis is true

d. that the decision is correct

Question 9

If two independent samples each consists of 20 subjects, a t-test for a difference between their population means will involve how many degrees of freedom?

a. 19

b. 20

c. 38

d. 39

e. 40

Question 10

The general idea behind all of these t-tests is that you are:

a. only comparing the sample means to the population means, since you don't know the true variance in the sample or in the population, and the variance doesn't matter as long as the sample means are different.

b. comparing within variation to between variation by dividing the chance variation within the samples by the systematic difference between two samples (or between a sample and a population).

c. comparing between variation to within variation by dividing the systematic difference between two samples, or between a sample and a population, by the chance variation within the samples.

d. comparing sample variation to population variation by dividing one by the other

Question 11

Given two independent samples with means = 33 and 24, the estimated standard error = 3, and each sample had 5 scores, what is the p-value for: a two-tailed test? a one-tailed test?

a. two-tailed: p < .01 ; one-tailed: p < .001

b. two-tailed: p > .05 ; one-tailed: p < .05

c. two-tailed: p < .05 ; one-tailed: p < .01

d. two-tailed: p < .01 ; one-tailed: p < .01

e. two-tailed: p < .05 ; one-tailed: p < .05

Reference no: EM13785322

Questions Cloud

Good conflict resolution issues : Describe a situation where competition is healthy. How does that relate to a business environment?
Which approach would be most useful for addressing the issue : There is no specific "right" or "wrong" answer for each scenario; rather, you will be assessed based on whether your reasoning reflects an accurate understanding of your selected policing style(s)
Advantages of creative capitalism in relation to businesses : Comment on Gates' creative capitalism. Do you think that creative capitalism can become the future of capitalism in the U.S.? Justify your response with examples and research.
Case study on zappos delivering customer satisfaction : Case Study on Zappos Delivering Customer Satisfaction
Comparing sample variation to population variation : What is the p-value for: a two-tailed test - difference between two samples, or between a sample and a population, by the chance variation within the samples.
Differences between legitimate-reward-coercive : Power is a leader's influence over their followers. While power has the potential to control others, it is the perception of power rather than the actual use of it that can influence, manage, and move people and organizations to a higher level of ..
Write essay about heuristic learning through problem solving : Write a Descriptive Essay about Heuristic: learning through trial-and-error or problem solving.
Design an adt for the problem : Design an ADT for this problem. Be sure to consider all necessary operations to maintain the appointment book for one year, to archive the yearly book and create a new book for the following year.
Assignment-capstone research project : Assume you are the partner in an accounting firm hired to perform the audit on a fortune 1000 company. Assume also that the initial public offering (IPO) of the company was approximately five (5) years ago and the company is concerned that, in les..

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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