The Income data fileatthebookswebsiteshowsannualincomesinthousandsofdollarsfor subjectsinthreeracial-ethnicgroupsintheU.S. (a) Statingallassumptionsincludingtherelativeimportanceofeach,showallstepsofasig- nificance testforcomparingpopulationmeanincomesofBlacksandHispanics.Interpret. (b) ConductaBayesiananalysiswithdispersepriors.Findtheposteriorprobabilityofa higher populationmeanincomeforBlacks,andshowthatitissimilartoaone-sided P-valueforthetestin(a).
Question:
The Income data fileatthebook’swebsiteshowsannualincomesinthousandsofdollarsfor subjectsinthreeracial-ethnicgroupsintheU.S.
(a) Statingallassumptionsincludingtherelativeimportanceofeach,showallstepsofasig-
nificance testforcomparingpopulationmeanincomesofBlacksandHispanics.Interpret.
(b) ConductaBayesiananalysiswithdispersepriors.Findtheposteriorprobabilityofa higher populationmeanincomeforBlacks,andshowthatitissimilartoaone-sided P-valueforthetestin(a).
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Foundations Of Statistics For Data Scientists With R And Python
ISBN: 9780367748456
1st Edition
Authors: Alan Agresti
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