The estimated mean value and the confidence interval

Assignment Help Basic Statistics
Reference no: EM131111763

Refer to Exercise 9.58.

a. Using no information about x, estimate and calculate a 95% confidence interval for the mean value of y.

b. Plot the estimated mean value and the confidence interval as horizontal lines on your calculate scattergrm.

c. Compare the confidence interval you calculated in  parts c and d of exercise 9.58 with the one you calculated in part a of this exercise. Does x appear to contribute information about the mean value of y?

d. Check the answer you gave in part c with a statistical test of the null hypothesis H0: ß1 = 0 against Ha; ß1 ≠ 0. Use α = .05.

Exercise 9.58

Consider the pairs of measurements shown in the next table.

a. Construct a scattergram for these data.

b. Plot the least Squares line on your scattergram.

c. Use a 95% confidence interval to estimate the mean value of y when xρ = 6. Plot the upper and lower bounds of the interval on your scattergram.

d. Repeat part c for xρ = 3.2 and xρ = 0.

e. Compare the widths of the three confidence intervals your constructed in parts c and d and explain why they differ.

Reference no: EM131111763

Questions Cloud

What is the current yield for a bond : What is the current yield for a bond? How are bond prices quoted? How are bonds rated, and why?
Three long term objectives : Identify at least one policy that will help you to achieve each of the three long term objectives. Justify and explain your decisions. Describe how you will communicate these objectives and policies.
Find the least squares line : In fitting a least squares line to n = 10 data points, the following quantities were computed:
What is a conversion feature : What is a conversion feature? A call feature? What are stock purchase warrants?
The estimated mean value and the confidence interval : c. Compare the confidence interval you calculated in  parts c and d of exercise 9.58 with the one you calculated in part a of this exercise. Does x appear to contribute information about the mean value of y?
What are the negative implications : Should religion-organized or spiritual-be associated with business? Under what circumstances are religious views required by businesses? What are possible benefits of associating religion with business? What are the negative implications?
Summarize the styles of leadership : Summarize the five styles of leadership: autocratic, bureaucratic, diplomatic, participative, and free-rein (15 points each). State which style is your personal favorite (5 points), and explain why. (15 points)
Consider the pairs of measurements shown : c. Use a 95% confidence interval to estimate the mean value of y when xρ = 6. Plot the upper and lower bounds of the interval on your scattergram.
Calculate the appropriate confidence intervals : a. What would be the hypotheses for this test? b. Can Jeremy conclude that there is a difference in the mean number of hours spent by executives in the three different industries? What are you basing this conclusion on? c. Calculate the appropriate..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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