Difference between estimated proportions of business owners, Basic Statistics

Assignment Help:

Question 1. In 2009, Research New Zealand conducted a survey on small businesses in New Zealand. Small businesses were defined as enterprises with 19 or fewer employees. 501 small business owners, representative of New Zealand businesses with up to (and including) 19 employees were randomly selected and their answers to a number of questions were obtained. Two of the questions asked the owners about their expectations when they started the business and to what extent had these expectations been met? The table below details the owners' expectations and the responses to the question about the extent the expectations had been met.

1678_Difference between Estimated Proportions of Business Owners.png

 

(a) State the sampling situation for analysing the difference between the estimated proportion of small business owners in New Zealand whose expectation that it would be enjoyable/fun was exceeded and the estimated proportion of small business owners in New Zealand whose expectation that it would enjoyable/fun was met completely.

(b) Carry out a t-test to investigate if there is a difference between the proportion of small business owners in New Zealand whose expectation that it would be hard work was exceeded and the proportion of small business owners in New Zealand whose expectation that they would have a better work-life balance was exceeded. Notes:

(i) Refer to the instructions on page 1 of this assignment: "Hypothesis tests in this assignment".

(ii) You must follow the step-by-step guide to performing a t-test.

(iii) At step 6 it is necessary to use a graphics calculator, SPSS, Excel or t-tables to determine the P-value.

(iv) You can check your calculations by using the Excel spreadsheet on Cecil. Look under Assignment Resources.

 

 


Related Discussions:- Difference between estimated proportions of business owners

Financial, on july 2,ali collected cash of Rs 700 from accounts receivable ...

on july 2,ali collected cash of Rs 700 from accounts receivable ,july 9 purchased gym equipments for 2175, paying 5500 in cash and charging the remainder on the company 30 day acco

Medical stats, i want to see if my assignment can be done?

i want to see if my assignment can be done?

Calculate cronbachs alpha, This week, you have learned about how to use Cro...

This week, you have learned about how to use Cronbach's alpha as a measure of scale reliability. In this Application, you will calculate Cronbach's alpha for provided data. To p

Conduct all steps of the hypothesis test, The owner of Big Fish supermarket...

The owner of Big Fish supermarket was reviewing some data from a research report on the type of advertisements in the local paper that are most effective.  Three types of ads (big

Cash basis, Cash basis A basis for accounting whereby revenues are recorde...

Cash basis A basis for accounting whereby revenues are recorded only when received & expenses are recorded only that salaried with no regard to the era in which they be earned, in

Proton-neutron hypothesis, This hypothesis was put forward by Heinsberg aft...

This hypothesis was put forward by Heinsberg after the discovery by Chadwick. According to this hypothesis, a nucleus of mass number A and atomic number Z contains Z protons, and

Normal distribution probabllity, The annual precipitation amounts in a cert...

The annual precipitation amounts in a certain mountain range are normally distributed with a mean of 89 inches, and a standard deviation of 16 inches. What is the probability that

Sampling Error, Use the concepts of sampling error and z scores to explain ...

Use the concepts of sampling error and z scores to explain the concept of distribution of sample means.

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