1) You want to obtain a sample to estimate a population mean.
Based on previous evidence, you believe the population standard
deviation is approximately σ=20.5σ=20.5. You would like to be 90%
confident that your esimate is within 10 of the true population
mean. How large of a sample size is required?
n =
Use a critical value accurate to three decimal
places, and do not round mid-calculation — this is
important for the system to be able to give hints for incorrect
answers.
2)Given ˆpp^ = 0.2286 and N = 35 for the high income
group,
Test the claim that the proportion of children in the
high income group that drew the nickel too large is
smaller than 50%. Test at the 0.1 significance
level.
a) Identify the correct alternative hypothesis:
Give all answers correct to 3 decimal places.
b) The test statistic value is:
c) Using the P-value method, the P-value is:
d) Based on this, we
e) Which means
3) Links claims that at least half the bars of Ivory soap they produce are 99.44% pure (or more pure) as advertised. Unilever, one of Link's competitors, wishes to put this claim to the test. They sample the purity of 102 bars of Ivory soap. They find that 41 of them meet the 99.44% purity advertised.
Calculate the p-value.
1)
Standard Deviation , σ =
20.5
sampling error , E = 10
Confidence Level , CL= 90%
alpha = 1-CL = 10%
Z value = Zα/2 = 1.645 [excel
formula =normsinv(α/2)]
Sample Size,n = (Z * σ / E )² = ( 1.645
* 20.5 / 10 ) ²
= 11.370
So,Sample Size needed=
12
..........
2)
Ho : p = 0.5
H1 : p < 0.5 (Left tail
test)
Level of Significance, α =
0.10
Number of Items of Interest, x =
8.001
Sample Size, n = 35
Sample Proportion , p̂ = x/n =
0.2286
Standard Error , SE = √( p(1-p)/n ) =
0.0845
Z Test Statistic = ( p̂-p)/SE =
(0.2286-0.5)/0.0845= -3.21
critical z value =
-1.282 [excel function =NORMSINV(α)]
p-Value = 0.0007 [excel
function =NORMSDIST(z)]
Decision: p-value<α ,
reject null hypothesis
....
3)
Ho : p =
0.5
H1 : p < 0.5 (Left tail
test)
Number of Items of Interest, x =
41
Sample Size, n = 102
Sample Proportion , p̂ = x/n =
0.4020
Standard Error , SE = √( p(1-p)/n ) =
0.0495
Z Test Statistic = ( p̂-p)/SE =
(0.402-0.5)/0.0495= -1.98
p-Value = 0.0238 [excel
function =NORMSDIST(z)]
............
Please let me know in case of any doubt.
Thanks in advance!
Please upvote!
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