Determine the appropriate interval-hypotheses , Macroeconomics

Assignment Help:

1. Practice identification of proper analysis type (1-Sample Z, 1-Sample t, 2-Sample t, Paired t, etc).

2. Practice hypothesis testing.

3. Practice interpretation of statistical information.

Problem: The design of controls and instruments has a large effect on how easily people can use them. A student project investigated this effect by asking 25 right-handed students to turn a knob (with their right hands) that moved an indicator by screw action. There were two identical instruments, one with a right-hand thread (the knob turns clockwise) and the other with a left-hand thread (the knob turns counterclockwise). The times required (in seconds) were carefully recorded and are provided in the Excel file titled "Assignment #2 - Part III - Times."

Requirements: Again, use StatTools to generate as much of the statistical information needed as possible.

1. Each of the 25 students used both instruments. Discuss briefly how the experiment should be arranged and how randomization should be used.

2. The project hoped to show that right-handed people find right-hand threads easier to use. State the appropriate null and alternative hypotheses about the mean time required to complete the task.

3. Carry out a test of your hypotheses using a significance level of 0.05. Give the P-value and report your conclusion.

4. Determine the appropriate 95% confidence interval that could be used to test the hypotheses. Interpret the result.


Related Discussions:- Determine the appropriate interval-hypotheses

Interest rate determination, Interest rate determination  ...

Interest rate determination  The real interest rate r will be equal to the equilibrium real interest rate In the classical model we define equil

Review of economic literature, The project has been split into four main ch...

The project has been split into four main chapters; literature review, data and methodology, results and a conclusion. The appendix contains the estimated tables and graphs, of whi

National income, difference between gdp at market price and nnp at factor c...

difference between gdp at market price and nnp at factor cost

Describe endogenous growth theory, Q. Describe Endogenous growth theory? ...

Q. Describe Endogenous growth theory? Endogenous growth theory or new growth theory was developed in the 1980s by Paul Romer and others. In neo-classical model, technological p

HOMEWORK, How do you figure out the answer to this question: You are a stud...

How do you figure out the answer to this question: You are a student at a university. You pay $8,000 per year in tuition, $5,000 per year in living expenses, and $1,000 per year fo

monetary account , link of monetary account with other sectors and its mea...

link of monetary account with other sectors and its meaning

How government always reduce the budget deficit, Can the government always ...

Can the government always reduce the budget deficit by simply increasing taxes? Why or why not? Please explain your answer using the Laffer curve. In addition, use research and sho

Wi cost of debt and wacc, hi I just found an interesting problem on your pa...

hi I just found an interesting problem on your page,(wood investments ... Mutch PLC) I would like to see the answer Could you please give me a quote for the answer?

Determine total cost of product, Pucker Lemonade, Inc., is a small company ...

Pucker Lemonade, Inc., is a small company that produces bottled lemonade. Pucker's fixed cost includes the monthly rental cost of the lemon-smashing machines, the bottling machines

Write Your Message!

Captcha
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