You are exploring starting a rental company that rents higher-end motorcycles. You suspect that your service would be of more interest to condo-dwellers than to
You are exploring starting a rental company that rents higher-end motorcycles. You suspect that your service would be of more interest to condo-dwellers than to people who live in houses, because they have less room to store motorcycles. To investigate, you survey samples from both groups, asking whether they own a high-end bike. 11 out of the 81 condo residents said that they own a motorcycle; 17 out of 85 house residents said that they own a motorcycle.
Use 'condo' as population 1 and 'house' as population 2.For this question, perform your calculations using the formulas--do not use the Analysis Toolpak tools.
- All of the next several questions refer to this situation and analysis (until a new situation is given.) For this question, you will again use the data from the data file, specifically the first column ('Post-secondary'). Post-seconary 7 5 4 7 5 2 2 7 5 6 6 4 5 5 4 5 5 4 6 5 7 5 5 6 6 5 7 4 4 3 5 6 3 4 5 3 7 3 3 7 7 3 7 7 6 6 6 7 5 7 6 5 6 4 6 7 7 4 7 6 3 4 3 5 7 7 5 4 6 5 6 5 3 3 5 3 5 7 7 2 1 7 6 5 5 5 7 7 3 6 6 4 5 5 7 7 6 7 6 6 7 5 7 4 2 6 4 7 7 6 5 4 6 4 2 7 4 5 7 6 7 4 5 5 5 5 6 7 2 5 4 5 2 5 7 4 3 5 7 5 4 6 4 6 5 5 5
- Determine the point estimate for the population standard deviation.
The next several questions refer to determining a confidence interval for the population variance, at the 99% confidence level.
- What is the chi-square score for the LEFT-tail of the interval (to at least three decimals)?)
- (Refer to the situation above.)
- What is the UPPER limit of the confidence interval for population VARIANCE (to at least three decimals)?
- (Refer to the situation above.)
- What is the UPPER limit of the confidence interval for population STANDARD DEVIATION (to at least three decimals)?
- The next several questions refer to doing a hypothesis test that the population variance for post-secondary is greater than 1.35, at a 95% confidence level.
- What is the correct alternative hypothesis? (s^2 < D0, s^2 > D0, s^2 = D0, s^2 != D0, sigma^2 < D0, sigma^2 > D0, sigma^2 = D, 0sigma^2 != D0)
- What is D0?
- What is the value of the test statistic (i.e., z, t, chi-square, F, etc.--depending on the test/distribution you are using)? Give your answer to at least three decimal places.
- What are the degrees of freedom? If degrees of freedom aren't required for this test, enter 0 as your answer.
- What is the p-value (to at least three decimal places
- What is the correct conclusion? (reject the null, do not reject the null, accept the null)
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