Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

STEP 1 The data set contains 5 quantitative variables, 1 categorical variable and two factors (Gender and Ranking) which also qualify as categorical variables. The

STEP 1

The data set contains 5 quantitative variables, 1 categorical variable and two factors (Gender and Ranking) which also qualify as categorical variables. The possible variable names are shown below this paragraph. They have no meaning so do not try to base any analysis on what the variable means.

You will have to create histograms and descriptive statistics for the 5 quantitative variables. Do not do statistical analyses on the factors. In this step you must review these descriptive statistics and graphics to decide if you can analyze the data provided. This requires application of the empirical rule. Based on this analysis, you must decide whether or not to use each variable in your analysis. It is expected that you may drop a variable after this step because you do not think it can be analyzed. In order to drop a variable,you must explain why it is a problem in statistical terms.Refer to slides or the book to develop your argument. (You may not drop "Job" or "Looking" and you should not analyze Element, Gender or Rank). For the remaining variables, indicate why you believe they can reasonably be analyzed using descriptive statistics. Look in Chapter 7 regarding the Central Limit Theorem.

Question 2 - Which variable do you think should be dropped?

Question 3 - What is the justification for dropping this variable?

Step 2

You must set an alpha for your analyses. This must not be the common ones, .10. .05 or .01. Provide an explanation of your choice and describe the impact it will have on your results in the context of Type I error. (Needless to say, you must also demonstrate an understanding of Type I error.)

Question 4 - What alpha do you choose?

Question 5 - What are the implications of choosing this alpha?

Question 6 - What is meant by type II error?

Describe Type II error and provide an explanation of how this will impact your results. Then answer two specific questions:

  1. What precaution do we take to acknowledge the fact that we do not have any way to calculate Type II error?
  2. What is one thing you can think of that might lower the risk of making a type II error. This is not something in your text. You will have to have an understanding of basic statistical principles and be creative.

Question 7 - How is this issue dealt with in basic statistics?

image text in transcribed

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_2

Step: 3

blur-text-image_3

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

Differential Equations With Boundary-Value Problems

Authors: Dennis G Zill, Ellen Monk, Warren S Wright

8th Edition

1285401298, 9781285401294

More Books

Students also viewed these Mathematics questions

Question

Adms 1010 How have assumptions in economics changed over time? CFI

Answered: 1 week ago