Question suppose you wanted to know if men or women, Ask an Expert

Statistics

Question: Suppose you wanted to know if men or women students spend more money on clothes. You consider two different plans for carrying out an observational study:

Plan 1: Ask the participants how much they spent on clothes during the last 3 months; then compare the men and women.

Plan 2: Ask the participants to keep a diary in which they record their clothing expenditures for the next 3 months; then compare the men and women.

a. Which of these plans is a retrospective study? What term is used for the other plan?

b. Give one disadvantage of each plan.

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92580236

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

A mail order supplier advertises same-day service on every

A mail order supplier advertises same-day service on every order. Recently, the movement of orders has not gone as planned. The director of customer service has completely redone the method of order handling. The goal of ...

The stock of company tyk pays dividends annually with next

The stock of company TYK pays dividends annually, with next year's dividend expected to be $1 a share. For the next seven years, dividends are expected to grow at a rate of 6% a year. Thereafter, dividends are expected t ...

Consider the study of two insect populations at two exper-

Consider the study of two insect populations at two exper- imental stations. At station A, the egg hatch rate (computed from a set of 100 eggs at a time) is known to follow approximately a normal distribution with mean 6 ...

Show worksuppose you are thinking of purchasing the moore

Show Work Suppose you are thinking of purchasing the Moore Co.'s common stock today. If you expect Moore to pay $1.2, $1.26, $1.323, and $1.39 dividends at the end of year one, two, three, and four respectively and you b ...

Initial outlay is 16853year 1 5625year 2 5504year 3

Initial outlay is $16,853 Year 1 $5,625 Year 2 $5,504 Year 3 $5,892 Year 4 $8,851 What is the discounted payback period? The discount rate is 10%...Round answer to two decimal points

Butterfly tractors had 1850 million in sales last year cost

Butterfly Tractors had $18.50 million in sales last year. Cost of goods sold was $8.90 million, depreciation expense was $2.90 million, interest payment on outstanding debt was $1.90 million, and the firm's tax rate was ...

A coin is flipped five times in an experiment if x is the

A coin is flipped five times in an experiment. If x is the number of heads that turn out in the experiment, what is the set of possible values of variable x?

Suppose a soft drink company want to perform a taste test

Suppose a soft drink company want to perform a taste test on 5 brands of diet cola. How many permutations are there for presenting 5 diet colas to test subjects?

Calculate the standard deviation of a portfolio consisting

Calculate the standard deviation of a portfolio consisting of 40 percent stock X and 60 percent stock Y. Company Beta Expected Return Variance Covariance X 1.8 0.18 0.30 COVx,y=0.080 Y 2.6 0.22 0.04 Round to the nearest ...

The monthly sales demand for a new product is uncertain but

The monthly sales demand for a new product is uncertain, but it is considered to be adequately described by a normal random variable with mean 50,000 units and variance 100,000,000. (a) A factory to manufacture the new p ...

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

Recent Questions

Ask Statistics and Probability Expert