Question
Please can you help me answer this question in detail? It'll be very appreciated if you can show me step by step and label out
Please can you help me answer this question in detail? It'll be very appreciated if you can show me step by step and label out your answers for each part.
One of the issues that usually come up in the US presidential elections is how to deal with a sluggish economy. Specifically, should the government cut spending, raise taxes, inflate the economy by printing more money, or do none of the above and let the deficit rise? And as with most other issues, politicians need to know which parts of the electorate support these options.
Suppose that a random sample of 1,000 people was asked which option they support and their political affiliations. The possible responses to the question about the preferred economic option were the four options mentioned above (i.e., Cut, Raise, Inflate, and Let), and to the question about political affiliation the respondents could answer Democrat, Republican, or Independent (which included a variety of political persuasions). The responses are summarised in the table below.
Do these data allow us to conclude at the 1% significance level that political affiliation affects support for the economic options?
(a) Describe the variables of interest? Are they qualitative or quantitative? If they are qualitative, are they ranked or unranked? If they are quantitative, are they discrete or continuous? What are the levels of measurement? Explain your answers.
(b) Answer the research question by performing all necessary calculations manually. State the hypotheses, the decision rule, calculate the test statistic showing the details of your calculations, make a statistical decision with reference to the proper critical value and draw your conclusion. Based on the relevant critical value table, what can you tell about the p-value of your test? Explain your answer.
(c) Repeat the test you performed in part (b) with R. Evaluate the test using the reported p-value this time.
(d) List all requirements that must be met to validate the test in parts (b) and (c). Are they likely satisfied this time? Explain your answers.
Democrat Option Cut 101 Affiliation Republican Independent 282 61 67 25 88 31 25 38 Raise Inflate Let 131 61 90 Democrat Option Cut 101 Affiliation Republican Independent 282 61 67 25 88 31 25 38 Raise Inflate Let 131 61 90Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started