Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Basic Finance Expert

Choosing Statistical Tests, conducting those tests and interpreting the results of those tests

We noted on the midterm that an important skill necessary for conducting applied social science research is to be able to translate a research question into the correct choice of a statistical test.  It is just as important to be able to subsequently conduct the statistical test and interpret the results of that test.

For the research question below, you will not only choose the appropriate statistical hypothesis testing procedure, but you will also run the test using data that we provide and interpret the results.  Consider each of the research questions below and answer the questions that follow:

1) Among people who have been incarcerated at least once as a juvenile or young adult, are there differences among racial/ethnic groups in lengths of jail/prison sentences, after holding the following variables constant:  the frequency of crimes committed (as measured by whether a participant has been arrested once or more than once), the severity of crimes committed (as measured by whether they are classified as violent or non-violent offenses), whether the inmate was a juvenile or adult at the time of arrest, age and gender?

There is a data file on the CCLE course website named FINAL_Q5 containing data from a longitudinal study of adolescents who completed baseline questionnaires and were contacted to complete follow-up questionnaires measuring numerous variables every four years until age 30.  You will use this file to conduct the statistical test that you choose.  The following variables are in the file:

MONTHSINCAR - length of time served in months

RACEETHNICITY - race/ethnicity of respondent 1=white 2=black 3=Latino 4=Asian 5=Native American 6=Other

ARRESTFREQUENCY - arrested once or more than once (0=once 1=more than once)

VIOLENTCRIME - whether offense was violent or non-violent (0=non-violent 1=violent)

JUVORADULT - juvenile or adult at time of arrest (0=adult 1=juvenile)

AGEATINTERVIEW - age in years

GENDER - gender of the respondent (0=male 1=female )

a) identify the EV

b) identify the RV

c) identify the CV(s)

d) state a hypothesis about the direction of the expected association between the EV and the RV that you identified in a and b above.  You are not being asked to state null and alternative hypotheses here.  Just state the hypothesis that you would as the researcher conducting this study

e) identify the statistical test that will appropriately test whether or not the EV and RV are associated in the population after controlling for the CV(s), and explain why you chose this particular test

f) state the null and alternative hypotheses for the expected association between the EV and RV you identified in a and b above, after holding all CVs constant that you identified in part c above (either words or symbols is fine-no need to state the hypotheses both ways).

g) before you can conduct the statistical test of your choice, it will be necessary to create g-1 dummy variables from the RACEETHNICITY variable in order to test for race/ethnic group differences.  Run a TAB or TAB1 program on the RACEETHNICITY variable to observe its distribution and paste your output below.  Also, paste your code for creating these dummy variables below, and submit the code in your Stata session so that the dummy variables are ready to use.

h) conduct the statistical test you chose in part e above in STATA using the data provided on the CCLE course website.  Paste the output below

i) write a short summary of the results in which you state your decision to reject or retain the null hypothesis you stated in f above.  In your summary, identify and interpret the values the association between all EVs/CVs combined and the RV and its test statistic/p-value.  Also identify and interpret the values of the individual adjusted EV/RV associations, the adjusted CV/RV associations, their test statistics and p-values

j) what is your main conclusion about the presence or lack of presence of an EV/RV association in the population after holding the CV(s) constant?  You should state your answer to the research question above and comment on whether evidence of race/ethnic disparities exist.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M92342384
  • Price:- $25

Priced at Now at $25, Verified Solution

Have any Question?


Related Questions in Basic Finance

To hedge a short share position one can short the put

To hedge a short share position, one can short the put option on the share. • What is the investor's intention in selling the put option? • What does the strike indicate when the trader has zero risk tolerance? • Under w ...

Deyoung entertainment enterprises is considering replacing

DeYoung Entertainment Enterprises is considering replacing the latex molding machine it uses to fabricate rubber chickens with a newer, more efficient model. The old machine has a book value of $450,000 and a remaining u ...

If you deposit 12583 dollars in an account today and the

If you deposit 125.83 dollars in an account today, and the account balance is 319.28 dollars 6 years from now, what annual interest rate did you receive on your funds? (Assume annual compounding and enter your response a ...

Chan is now 30 years old and makes 500000 a year she

Chan is now 30 years old and makes $500,000 a year. She expects her income to increase by 2 percent per year. She wants to accumulate 4 million by the time she reaches 60, she will make her first deposit on her 31th birt ...

1 what considerations do you need to take when considering

1. What considerations do you need to take when considering "time value of money"? 2. Why is the following statement true? "A dollar today is worth more than a dollar tomorrow."

Estimate cost of capital for a 10-year project with a

Estimate cost of capital for a 10-year project with a market risk B=1.2. Assume expected market return is 10%.

Question - your firm is contemplating the purchase of a new

Question - Your firm is contemplating the purchase of a new $670,000 computer-based order entry system. The system will be depreciated straight-line to zero over its five-year life. It will be worth $50,000 at the end of ...

A client has identified two annuities that are available

A client has identified two annuities that are available for purchase, The first annuity pays $1,000 at the end of each month over a 3-year period at a nominal rate of 13% p.a. The second annuity pays $3,000 at the end o ...

Financial and economic analysis problems -1 the operative

Financial and Economic Analysis Problems - 1. The operative question among macro policy specialists and investors is "by how much will the Federal Reserve target higher interest rates in 2017?" Currently, the U.S. econom ...

The tucker family has health insurance coverage that pays

The Tucker family has health insurance coverage that pays 75 percent of out-of-hospital expenses after a deductible of $520 per person. If one family member has doctor and prescription medication expenses of $1,700, what ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As