Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question 1. A large scale marketing survey was conducted. Some of the variables collected were:

gender             the person's gender (female or male)
income.group   the person's annual income (<$20,000, $20-30,000, $30-40,000 or >$40,000)
annual.income  the person's annual income (in thousands of dollars)
age                   the age of the person
leisure               the number of hours leisure time per week, on average
marital.status   the person's marital status (single, married, divorced or de facto)
work                 the average number of hours worked per week
home                whether the person owned their own home (yes or no)

• For these questions we want you to do the full analysis and write a Report. Your answers should be in three parts.

First: Technical Notes on the analysis. See the Case Studies.

Second: Executive Summary of the main findings of the analysis. See the Case Studies.

Third: R output. Include all necessary R output used in answering all of these questions as an appendix at the end of your assignment. These are for the markers to refer to if you make any mistakes in your analysis, so they can consider giving partial credit. There are no marks allocated for the R output, all the marks are for the Technical Notes and Executive Summary.

Please try to keep this section as small as possible - use the layout20x() command to save space for multiple plots. Remember: When you cut and paste R output into a word processor, you should use a "fixed" font such as Courier.

Question 2.

A biologist was interested in determining whether there were any differences in average petal length for 3 varieties of iris. The resulting data in the text file "iris", which contains the variables:

petal the length of the petal
variety the type of iris:
setosa = Iris setosa
versic = Iris versicolor
virg = Iris virginica

Question 3.

HDL cholesterol is known as the "good cholesterol'" as it is associated with lower risks of problems like heart disease. The following data were collected on random samples of people working in New Zealand companies. People were divided into groups based on the amount of exercise and strenuous activities they reported and their gender. The resulting data is stored in the text file "hdl", which contains the variables:

hdl               the level of hdl cholesterol in the subject's blood
gender        the gender of the subject:
                   female or male
exercise     the amount of exercise:
                  lowest, medium or most

Scenario 1:

What is the average age for each income group, and do the average ages differ for different income groups?

Scenario 2:

What effect do gender and marital status have on annual income?

Scenario 3:

Is there a difference in the average annual income between men and women?

Scenario 4:

Is the distribution of income (by group) the same for men and women?

Scenario 5:

Is an individual's annual income able to be predicted in terms of their age?

For each of the five scenarios:

(i) Identify ALL variables of interest. Classify each of them as either qualitative or quantitative.

(ii) Is there a response variable, or are we interested in analysing counts? If there is a response variable, what is it?

(iii) State which one of the following types of analysis would be most appropriate:

A: One-way Table of Counts
B: Two-way Table of Counts
C: One Sample t-test
D: Paired Data t-test
E: Two Sample t-test
F: Regression
G: One-way ANOVA
H: Two-way ANOVA

Question 4. A large company runs a regular training course for new managers in entry-level positions. The course tries to teach the basic engineering skills needed to understand the company's products to managers with no technical background. After complaints about the course, an experiment using 20 new managers is run to test two different class formats (traditional lectures or group discussions) and two different types of instructional material (standard textbook or purpose-written workbook). Five of the 20 managers were assigned at random to the four experimental groups and each was given a comprehesive test on the material at the end of the course. The results are stored in the text file "testscore", which contains the variables:

score            the manager's score on the test
lecture          the teaching method used:
                     lect = lecture
                    disc = discussion
book             the type of book used:
                    text = textbook
                    workbook = purpose-written workbook

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9436143
  • Price:- $50

Priced at Now at $50, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

You want to retire in 35 years to fund the retirement you

You want to retire in 35 years. To fund the retirement, you deposit $25,000 into an account now, and you deposit $20,000 five years from now. You also plan to save an equal amount each year between now and 35 years from ...

A recent survey of college seniors evaluated how the

A recent survey of college seniors evaluated how the students view the "real world" that they are about to enter. One question asked the seniors to evaluate the future job market on a 10-point scale from 1 (dismal) to 10 ...

4m industries has 30 million shares outstanding trading at

4M Industries has 30 million shares outstanding trading at $20 per share. 4M also has $150 million in outstanding debt. Suppose firm's equity cost of capital is 12%, its debt cost of capital is 5%, and the corporate tax ...

Kirk inc has come out with a new and improved product and

Kirk Inc. has come out with a new and improved product, and is expected to have an ROE of 14.4%. It will maintain a plowback ratio of 30%. Investors expect a 6.3% rate of return on the stock. (a) At what P/E ratio would ...

In a survey ofnbsp3153nbspadultsnbsp1407nbspsay they have

In a survey of 3153 adults, 1407 say they have started paying bills online in the last year. Construct a? 99% confidence interval for the population proportion. Interpret the results. A? 99% confidence interval for the p ...

Bar-eli azar ritov keidar-levin and schein 2007 analyzed

Bar-eli, Azar, Ritov, Keidar-Levin, and Schein (2007) analyzed 286 penalty kicks among professional soccer players. They recorded the direction that the ball was kicked (left, center, right) and the direction that the go ...

Choose the correct problem formulation it is known that 70

Choose the correct problem formulation: It is known that 70% of the customers in a sporting goods store purchase a pair of running shoes. A random sample of 25 customers is selected. Assume that customers' purchases are ...

Jen and barry get sued by ben amp jerrys for trademark

Jen and Barry get sued by "Ben & Jerry's" for trademark infringement. Jen and Barry lose, and they need a LOT of money. They decide to play Tennetucky's "Mega-6" lottery. They'll win the jackpot if they correctly choose ...

A bottle of water is supposed to have 20 ounces the

A bottle of water is supposed to have 20 ounces. The bottling company has determined that 98% of bottles have the correct amount. Which of the following describes a binomial experiment that would determine the probabilit ...

The december cbot treasury bond futures contract is quoted

The December CBOT Treasury bond futures contract is quoted at 92-19. If annual interest rates go up by 1.50 percentage points, what is the gain or loss on the futures contract? (Assume a $1,000 par value, and round to th ...

  • 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