Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Consider the following two way table that summarizes two variables in a dataset no yes Total New version 4980 5020 10000 old version 5020

1. Consider the following two way table that summarizes two variables in a dataset

no yes Total
New version 4980 5020 10000
old version 5020 4980 10000

The variables are "which version of the product? old or new" and "would they buy it? yes or no"

use the p-value calculator to find find the p-value that measures evidence for the claim that there is a relationship between variables.

You just need to enter the p-value , but it is useful to understand that the p-value is based on the test stat which is a zscore if the difference between population proportions is 0 in this case that test stat is 0.56568542494924 if the test stat is correct then the p-value is correct.

2.Consider the following data set

At the Sydney store a sample of 100 customers spent an average of $2206 with standard deviation $60

and at the Melbourne store a sample of 100 customers spent an average of $2208 with standard deviation $80

What is the p-value for testing if there is a difference between means

use software such as

http://www.usablestats.com/calcs/2samplet&summary=1

click here for a guide to usigng the webpage

or use the p-value calculator

guide to using the p-value calculator

Click here for a guide for using the p-value calculator

if you enter the numbers correctly the test stat should be -0.2

There are many p-values in the output, Always use the first p-value in the output,

3. Be careful with this question, you must tick every correct option Compare and contrast both cases below, use the p-value calculator

click here for a guide for using the p-value calculator CASE1

group 1 group 2
mean 100.97 99.71
standard deviation 30 40
sample size 100 100

Test stat =0.252 (Use a computer to verify this test stat, if the test stat is correct then the p-value is correct)

CASE 2

group 1 group 2
mean 100.97 99.71
standard deviation 30 40
sample size 400 400

Test stat =0.504 (Use a computer to verify this test stat, if the test stat is correct then the p-value is correct)

a.the sample proportion in group 1 is 14.37

b.for case 1 the pvalue is 6.65

c.for case 1 the pvalue is 0.80

d.For case 2 the pvalue is =0.81

e.For case 2 the pvalue is =0.61

f.When you compare case 1 with case 2, case 2 has a larger sample size so there is more evidence that the population means are different so the p-value is lower

g.When you compare case 1 with case 2, case 2 has a larger sample size so there is more evidence that the population means are different so the p-value is higher

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Complex Variables And Applications

Authors: James Brown, Ruel Churchill

9th Edition

0073530859, 9780073530857

More Books

Students also viewed these Mathematics questions

Question

What is the typical class size?

Answered: 1 week ago

Question

L A -r- P[N]

Answered: 1 week ago