Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Table below shows the results where subjects were asked whether, to help the environment, they would be willing to (1) pay higher taxes, or (2) accept a cut in living standards.

Cut Living standards
Pay higher Taxes Yes No Total
Yes 113 66 179
No 54 339 393
Total 167 405 572

a. Perform a statistical test for whether there is an association between the two ways to help the environment, "cut living standards" and "pay higher taxes". describe your results.

b. What is the estimated OR (odds ratio) between favoring cutting living standards and paying higher taxes? What is the 95% confidence interval for the true odds ratio?

c. Suppose the results on the two problems came from two independent samples of 572 each (i.e. the two problems were answered by different people). Perform a statistical test on the independence of the two variables. Estimate the OR between favoring cutting living standards and paying higher taxes, and obtain its 95% Confidence interval. Compare your results with a and b, and comment on how the use of dependent samples can improve precision.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M998017

Have any Question?


Related Questions in Statistics and Probability

Yu obtain a 250000 mortgage loan from bank of

You obtain a $250,000 mortgage loan from Bank of Montreal to buy a house. The mortgage has a 5-year fixed rate of 4%/year (using Canadian mortgage convention), and the amortization period of the mortgage is 20 years. (b) ...

Many raleigh north carolinians owns one or more tvs below

Many Raleigh, north Carolinian's owns one or more TVs. Below is a distribution of the number of TVs per house hold in Raleigh. Fill in the missing probability to make a valid discrete probability distribution or explain ...

Taylor found that 8 of the recipients of loans form a

Taylor found that 8% of the recipients of loans form a particular mortgage lender default within 3 years. If he takes a random sample of 736 customers who received loans 3 years ago, what is the average number of custome ...

Consider a normally distributed set of scores with a mean

Consider a normally distributed set of scores with a mean of 0 and a standard deviation of 5. If a value of 3.25 is sampled from this distribution, what is the corresponding z-score? If necessary, round your answer to tw ...

The british department of transportation studied to see if

The British Department of Transportation studied to see if people avoid driving on Friday the 13th. They did a traffic count on a Friday and then again on a Friday the 13that the same two locations ("Friday the 13th," 20 ...

Help me solve the following1 when there is a significant

Help me solve the following 1) When there is a significant difference in the population, but the research fails to find one ...this is what kind of error? 2) Assume that when victims are asked how well their needs were m ...

Lets assume that your tuition not including books and

Let's assume that your tuition (not including books and supplies) for this semester is $7500. If you are taking 5 courses, and each class meets 3 hours a week, what are you paying per hour for your classes? (A typical co ...

An equally weighted portfolio consists of 41 assets which

An equally weighted portfolio consists of 41 assets which all have a standard deviation of 0.137. The average covariance between the assets is 0.118. What is the standard deviation of this portfolio expressed as a percen ...

1 you are analyzing a common stock with a beta of 28 the

1.) You are analyzing a common stock with a beta of 2.8. The risk-free rate of interest is 5 percent and the expected return on the market is 12 percent. What is the stock's equilibrium required rate of return? Round to ...

A basket contains 5 bananas and 5 apples each of ten people

A basket contains 5 bananas and 5 apples. Each of ten people picks two fruits at random from the basket without replacement. (a) What is the probability that the first people picks one apple and one banana? (b) What is t ...

  • 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