Conclude that methods differ in terms of the average return

Assignment Help Basic Statistics

Reference no: EM131397379

Exercise
Two methods for training accountants are to be compared. Students are randomly assigned to one of the two methods. At the end of the course, each student is asked to prepare a tax return for the same individual. The returns reported by the students are

Method	Returns
1	132	204	603	50	125	90	185	134
2	92	-42	121	63	182	101	294	36

Using Welch's test, would you conclude that the methods differ in terms of the average return? Use α = 0.05.

Reference no: EM131397379

Questions Cloud

Develop rfp as well as a detailed budget as part of project : In this course, you will develop an RFP as well as a detailed budget as part of the Group Project. This paper will help you better understand the types, and variations of budgets in use today.

Sociopolitical climate of the period : This week, we looked at several examples of early modernist art such as Cubism, Fauvism, futurism, and expressionism. Let's discuss the relationships between these aesthetic categories and the sociopolitical climate of the period. How did the sociopo..

Create trend enhanced smoothing based forecast : Given the data shown below, use α = .2 and β = .4 to create a trend enhanced smoothing based forecast for period 7. Assume that FIT1 = 22 and T1 = 7.83.

What is the average length of the waiting line : At a border inspection station, vehicles arrive at the rate of 12 per hour in a Poisson distribution. For simplicity in this problem, assume that there is only one lane and one inspector, who can inspect vehicles at the rate of 13 per hour in an expo..

Conclude that methods differ in terms of the average return : Two methods for training accountants are to be compared. Students are randomly assigned to one of the two methods.- Using Welch's test, would you conclude that the methods differ in terms of the average return? Use α = 0.05.

Regulation of business for the good of society as whole : Some argue that government needs to increase its regulation of business for the good of society as a whole. What role do you believe government regulation should play to ensure ethical conduct by businesses? How do different political viewpoints pote..

Marketing principles : definition of market, - definition of marketing and referenced, - enumerate elements of marketing: marketing as management process, satisfying customer needs and wants, identifying and anticipates customer requirements, fulfil customer requirements p..

How many should you order each semester : You are the buyer for your university bookstore. One of the textbooks has a cost to you of $150 and you sell it to students for $300. In this case, however, you cannot salvage any value from copies that do not sell because a new edition is published ..

What are the conclusions and recommendations : Select an article that deals with one of the following topics: marketing concept, marketing orientation, market segments, or marketing mix. What is the thesis of the article? What are the key points/facts presented in the article? What are the conclu..

User Account

All Pages