Examine the variable payoffs

Assignment Help Applied Statistics
Reference no: EM131008307

1. 8A researcher studies the average distance that 130 people living in U.S. urban areas walk each week.

a. What is the size of the sample?

b. Identify the population.

c. Is this "average" a descriptive statistic or an inferential statistic if it is used to describe the 130 people studied?

d. How might you operationalize the average distance walked in 1 week as an ordinal measure?

e. How might you operationalize the average distance walked in 1 week as a scale measure?

2. Sample versus population in Norway: The NordTrøndelag health study surveyed more than 60,000 people in a Norwegian county and reported that gastrointestinal symptoms, depression, and anxiety disorders are strongly related (Haug, Mykletun, & Dahl, 2002).

a. What is the sample used by these researchers?

b. What is the population to which the researchers would like to extend their findings?

3. Types of variables and the Kentucky Derby: The Kentucky Derby is perhaps the premier event in U.S. horse racing. For each of the following examples from the derby, identify the type of variable-nominal, ordinal, or scale.

a. As racing fans, we would be very interested in the variable finishing position. A horse called Orb won in 2013, followed by Golden Soul in second and Revolutionary in third.

b. We also might be interested in the variable finishing time. Orb won in 2 minutes, 2.89 seconds.

c. Derby attendance was 151,616 in 2013, not as high as the record-setting 165,307 people who attended in 2012.

d. If we were the betting type, we might examine the variable payoffs. For each $2.00 bet on Orb, a gambler won $12.80.

e. We might be interested in the history of the Derby and the demographic variables of jockeys, such as gender or race. For example, in the first 28 runnings of the Kentucky Derby, 15 of the winning jockeys were African American.

f. In the luxury boxes, high fashion reigns; we might be curious about the variable hat wearing, observing how many women wear hats and how many do not.

Calculating the Statistics

1. Convert the following to percentages: 63 out of 1264; 2 out of 88.

2. Throughout this book, final answers are reported to two decimal places. Report the following numbers this way: 1,888.999, 2.6454, and 0.0833.

3. A grouped frequency table has the following intervals: 30-44, 45-59, and 60-74. If converted into a histogram, what would the midpoints be?

Reference no: EM131008307

Questions Cloud

Evidence of an association between speed and cost : Printers. In March 2002, Consumer Reports reviewed several models of inkjet printers. The following table shows the speed of the printer (in pages per minute) and the cost per page printed. Is there evidence of an association between Speed and Cos..
What are the exceptions to the rule of precise performance : What are the exceptions to the rule of precise performance
Association between home attendance and wins : a) Examine a scatterplot for the two variables and test the conditions for regression. b) Do you think there is a linear association between Home Attendance and Wins? Explain.
What would be the amount related to the bonds : What would be the amount(s) related to the bonds that Agee would report in its statement of cash flows for the year ended December 31, 2011, if it uses the direct method?
Examine the variable payoffs : Identify the population - Is this "average" a descriptive statistic or an inferential statistic if it is used to describe the 130 people studied?
Define two sequences by recursion : Define two sequences (an) and (bn) by recursion. Let a0 = 1, and let an =√2 · an-1 whenever n > 0
Perfomance cannot be granted : Which are the specific cases where perfomance cannot be granted??......................
Sally sued donny for assault and battery : Donny threw a knife at Sally, intending to injure her severely. However, Donny missed Sally. Sally saw the knife just as it whizzed by her head, missing it by about one inch. As a result, Sally was very scared. Sally sued Donny for assault and batter..
Problem regarding the oil prices : The Organization of Petroleum Exporting Countries (OPEC) is a cartel, so it artificially sets prices. But are prices related to production? Using the data pro- vided on the disk for crude oil prices ($/barrel) and oil production (thousand barrels ..

Reviews

Write a Review

Applied Statistics Questions & Answers

  Large university has become a very big problem

Parking at a large university has become a very big problem.  University administrators are interested in determining the average parking time (e.g. the time it takes a student to find a parking spot) of it's students.  An administrator inconspicuous..

  Pittsburgh one bedroom apartments is different from the mea

We test if the mean rent of all downtown Pittsburgh one bedroom apartments is different from the mean rent of all non-downtown one bedroom apartments by examining a random sample of downtown one-bedroom apartments and a random sample of non-downtown ..

  If a null hypothesis is rejected at a significance level of

The further the hypothesized mean is from the actual mean the lower is the power of the test. The manager of the quality department for a tire manufacturing company wants to know the average tensile strength of rubber used in making a certain brand o..

  A random variable x follows a normal distribution

A random variable X follows a normal distribution with standard deviation 13.  A random sample of 30 individuals is selected from the population, and a confidence interval for  is calculated to be (87.348, 96.652).  What is the confidence level for t..

  Knowledge of binomial confidence intervals

knowledge of binomial confidence intervals

  Interpret the meaning of the p-value

There evidence that the mean price is higher at Whole Foods Market than at the Fairway supermarket and interpret the meaning of the p-value in (a)

  The degree of flatness or peakedness of a population

The degree of flatness or peakedness of a population

  What role do taxes play in political issues

Adequacy Equity Exportability Neutrality Simplicity What other tax revenue systems could you consider? How do you think they would be better or worse? 2. What role do taxes play in political issues?

  Application of spc can improve quality standards

SPC is one of a number of tools which can be used to improve manufacturing quality standards - Outline two techniques which can be used to decide where to put SPC effort most effectively.

  Find a 95% two-sided ci

Use the CI in part (c) to test the hypothesis.

  State the type i and type ii errors in complete sentences

The mean price of mid-sized cars in a region is $32,000. A test is conducted to see if the claim is true. State the Type I and Type II errors in complete sentences. Type I: _____________________________________________Type II: _______________________..

  The average weekly earnings of the plumbers in a city

The average weekly earnings of the plumbers in a city is [Mu=$750] with a standard deviation of [s=$40]. Assume that we select a random sample of [n=64 plumbers], what is the probability that the sample mean [x] will be greater than $740 or greater t..

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