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Q: statiscal economics ( No Answer,   0 Comments )
Question  
Subject: statiscal economics
Category: Business and Money > Economics
Asked by: elshana-ga
List Price: $35.00
Posted: 16 Sep 2003 16:01 PDT
Expires: 30 Sep 2003 01:18 PDT
Question ID: 257442
Hi

could i get help and references to the following

From the question I have worked out the population of subject marks as 
follows: 
 
a. 28.2 27.2 30.2 31.2 24.2 
 3.2 18.2 26.2 25.2 29.2 
 13.2 25.2 38.2 21.2 31.2 
 15.2 9.2 28.2 26.2 19.2 
 31.2 33.2 20.2 12.2 20.2 
 22.2 8.2 27.2 2.2 27.2 
 13.2 29.2 23.2 29.2 33.2 
 30.2 23.2 33.2 25.2 27.2 
 22.2 21.2 20.2 30.2 12.2 
 
b.   Calculate mean, mode, median and standard deviation of this 
population of marks giving precise unit of measurement of each. 
 
I have worked out as follows: 
Mean = 23.267 
Mode = 27.2 
Median = 25.2 
SD = 8.11415498 
Is the above correct? 
 
c.   From the results obtained in b. show and argue whether the 
distribution is normal, approximately normal or clearly non-normal. 
 
Please explain in detail this question.  I have looked around but was 
not able to obtain satisfactory results. 
 
 
d.  Express numerical version of sample data given in ques(a)above with sample 
size of 14. 
 my answer 
 
 30.2 31.2 24.2 3.2 
 18.2 26.2 25.2 29.2 
 13.2 25.2 38.2 21.2 
 31.2 15.2   
 
e.   Calculate sample mean, sample variance and sample SD giving 
precise unit of  measurement for each 
Sample mean = 23.700 
Sample variance = 80 
Sample SD = 8.9442719099 
Is all of ques e correct? 
  
I NEED HELP FROM HERE ON 
 
f.   How do I calculate true mean of the population using 90% 
confidence level 
 
g.  Explain what is meant by sampling distribution of the sample mean 
and cast your explanation in a way that it assists in giving a clear 
interpretation of the results provided in f. 
 
h.  Suppose the true mean is less than 29.  Use the sample data to 
test this hypothesis at the 10 percent significance level.  Explain 
the meaning of what is involved in such a test (null hypotheses, 
alternative hypotheses, significance level, type I/type II error, test 
statistic, sampling distribution of the test statistic, value of test 
statistics, result being statistically significant/not statistically 
significant. 
 
i.  Explain whether you are satisfied with the use of the sample size 
n = 14.  Explain why and how the quality of the statistical results 
will change if a smaller ie: n = 45 sample is used. 
 
I would really appreciate if I could get my answers for the above 
question 
thank you 
Elshana

Request for Question Clarification by elmarto-ga on 17 Sep 2003 17:30 PDT
Hi elshana!
I think I can answer yuor question, but I would need some
clarification first.

In question (f) you ask to calculate the true mean with 90%
confidence. What does this mean? If the population is the one
described in question (a), then the "true" mean is the population
mean, which was calculated in question (b). Maybe the question implies
"what if you only had the sample of 14 observations described in
question (d), and you didn't have the population". But in this case,
since "confidence level" is related to hypothesis testing, what is the
hypothesis you want to test in this question?

I have thus assumed for this question that:
a) You don't have the population.
b) You want to test the hypothesis that the population means is equal
to the observed sample mean (23.7) with a 90% confidence level.

Is this assumption correct?

Best regards,
elmarto

Clarification of Question by elshana-ga on 23 Sep 2003 17:50 PDT
Hi elmarto


yes I dont have the population for this 
and yes the hypothesis that the population mean is equal to the
observed sample mean 23.7 with a 90% confidence level needs to be
tested

regards
elshana

Clarification of Question by elshana-ga on 28 Sep 2003 20:53 PDT
Hello helper
I have attempted to answer this question but have been successful can
I please obtain some clarification, online samples/references
I would appreciate your help
Elshana
Answer  
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