The casino has lots of data on its old slot machines and your boss tells you that they have averaged $2,450 per month in earning for the casino. Your boss wants to knoww hether (based on your data—collected in part 2) the new machines you have purchased are significantly different from the old ones. You decide to perform a hypothesis test using an alpha = 0.05 to find out.
n=100 Standard deviation=200 xbar=2500
1. What type of test would you perform?
2. State H0 and HA
3. How many degrees of freedom do you have?
4. What value does your test statistic take?
5. What is the probability that H0 is true?
6. Would you accept or reject H0?
The casino has lots of data on its old slot machines and your boss tells you...
At a casino, there are two kinds of slot machines: ones with a white panda sticker and ones with black panda stickers. Eve rigged some of the machines to have an increased chance of winning: 5% is normal and 40% is rigged. You only know that there are 50-50 odds that either white panda or black panda are rigged or not. Alice put her money into the white panda machine and the machine says "Sorry, you lose." What is the...
On your first day on the job, your boss asks you to conduct a hypothesis test about the mean dwell time of a new type of UAV. Before you arrived, an experiment was conducted on ? = 5 UAVs (all of the new type) resulting in a sample mean dwell time of ?1 = 10.4 h????. The goal is to conclusively demonstrate, if possible, that the data supports the manufacturer’s claim that the mean dwell time is greater than 10...
1. You want to go to your boss and ask for additional staff in your emergency room. You have noticed an increase in patients in the ER since the previous year. You collect data by month for the two years to compare. Assume that the number of patients are normally distributed. d. You set your level of significance at alpha = 0.05 and determine your t-critical value of 2.074 since you are decided to conduct a independent samples t-test. What...
Question 15 (1 point) Your friend tells you that the proportion of active Major League Baseball players who have a batting average greater than .300 is different from 0.72, a claim you would like to test. The hypotheses here are Null Hypothesis: p = 0.72, Alternative Hypothesis: p ≠ 0.72. If you take a random sample of players and calculate p-value for your hypothesis test of 0.2296, what is the appropriate conclusion? Conclude at the 5% level of significance. Question...
These weekly exercises provide the opportunity for you to understand and apply statistical methods and analysis. Unless otherwise stated, use 5% (.05) as your alpha level (cutoff for statistical significance). #1. Define "power" in relation to hypothesis testing. #2. Alpha (a) is used to measure the error for decisions concerning true null hypotheses. What is beta (ß) error used to measure? #3. In the following studies, state whether you would use a one-sample t test or a two-independent-sample t test....
Open the "Lab Dataset"
(HSCI390.sav) you have been using for lab assignments in SPSS. Your
analysis will focus on the variables "Gender" (Gender) and "Blood
Alcohol Content at last drinking episode" (BAC).
Researchers are interested in examining if the mean Blood
Alcohol Content at last drinking episode differs between men and
women. To examine their research question of interest, they will
use data from the sample of CSUN students contained in the
HSCI390.sav dataset.
Using SPSS for the analysis, you...
Consider the following scenario: Your boss has come to you for
advice on the current finances of the company and needs you to
create an extended DuPont analysis, common size analysis, and
percentage change analysis. Your boss wants you to fill out the
attached Excel file because he/she has no idea what she is talking
about and is going to use your report as her work. Remember to
answer all the questions in the attached document. Has J&W's
liquidity position...
Consider the following
scenario: Your boss has come to you for advice on the current
finances of the company and needs you to create an extended DuPont
analysis, common size analysis, and percentage change analysis.
Your boss wants you to fill out the attached Excel file because
he/she has no idea what she is talking about and is going to use
your report as her work.
Remember to answer all the questions in the attached
document.
Has J&W's liquidity position...
You work at an investment firm. Your colleague has an investment thesis that he presents at your firm's investment committee meeting. He has built a sophisticated model, based on a number of financial statement data items (e.g., accruals, interest payment coverage, various cash flow metrics, etc.) which predicts which firms will announce, within the next three months, that they are reducing (cutting) their dividends. He performs appropriate statistical tests and finds that his model works well-t successfully predicts these announcements...
You work at an investment firm. Your colleague has an investment thesis that he presents at your firm's investment committee meeting. He has built a sophisticated model, based on a number of financial statement data items (e.g., accruals, interest payment coverage, various cash flow metrics, etc.) which predicts which firms will announce, within the next three months, that they are reducing (cutting) their dividends. He performs appropriate statistical tests and finds that his model works well-it successfully predicts these announcements...