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it is an 8 question test that I have uploaded from a scanned document. if there are any questions please call
Answered Same Day Dec 21, 2021

Solution

David answered on Dec 21 2021
136 Votes
For all the questions consider µ1 and µ2 are population means, 1
2
and 2
2
are the population
variances, ̅ ̅ are the sample means , S1
2
and S2
2
are the sample variances,n1 and n2 are the
sample sizes of group 1 and group 2 respectively.
1)
A) Suppose Xi denotes jobs created in the ith country.
Then the sample average is,
̅=


Xi = 425,
The Standard deviation is,
S = √


̅ =32.43455
B) Here the hypothesis of interest is,
H0: µ≤450 against H1: µ>450
Where µ is the population mean number of jobs created in 2010.
C) To test this hypothesis we use the test statistic,
t=
̅
̅
which follows a t distribution with (n-1)=(5-1)=4 degrees of freedom
under the null hypothesis. (SE( ̅) =Standard deviation/√ )
The value of the test statistic is,
t= (425-450)/( 32.43455/√ ) = -1.7235
D) The p-value can be computed as follows,
p-value = P(t > -1.7235); t follows a t4 distribution.
=0.92
Now at 95% confidence the value of significance level α=0.05. We reject the null
hypothesis when the p-value is smaller than α. Now here we can see at 95%
confidence the p-value, 0.92, is greater than α=0.05. Thus we are failing to reject
the null hypothesis and we are concluding that the data gives enough evidence to
conclude “There has been a significant decrease in the average no of jobs
created.”
2)
A) The standard e
or of mean is
SE( ̅)=Standard deviation/√ =4/√ =0.25
B) Here the hypothesis of interest is,
H0: µ=30 against H1: µ>30;where µ is the population average of paper thickness.
Here the test statistic,
t=
̅
̅
follows a t distribution with 255 degrees of freedom under the null
hypothesis.
Since it is a one tail test so using the critical value approach we reject the null
hypothesis at 100α% significance level or 100(1-α) % confidence if,
Observed t> t255,α.
Now,
Observed t=


= 1.2
Now at 95% confidence the tabulated critical value is,
t255,0.025= 1.65.
Since the observed value of the test statistic is smaller than the critical value so we are
failing to reject the null hypothesis and concluding that at 95% confidence the data
provides sufficient evidence to claim the mean thickness of the paper is not is
significantly more than 30 mils.
C) Now the p-value is,
p-value =P(t>1.2)= 0.11562651
So as we can see the p-value is also greater than α=0.05 so we are failing to reject the
null hypothesis.
Thus we can see that the p-value approach also...
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