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References

Data from the United States Census Bureau. Available online at http://www.census.gov/prod/cen2010/briefs/c2010br-02.pdf

Hinduja, Sameer. “Sexting Research and Gender Differences.” Cyberbulling Research Center, 2013. Available online at http://cyberbullying.us/blog/sexting-research-and-gender-differences/ (accessed June 17, 2013).

“Smart Phone Users, By the Numbers.” Visually, 2013. Available online at http://visual.ly/smart-phone-users-numbers (accessed June 17, 2013).

Smith, Aaron. “35% of American adults own a Smartphone.” Pew Internet, 2013. Available online at http://www.pewinternet.org/~/media/Files/Reports/2011/PIP_Smartphones.pdf (accessed June 17, 2013).

“State-Specific Prevalence of Obesity AmongAduls—Unites States, 2007.” MMWR, CDC. Available online at http://www.cdc.gov/mmwr/preview/mmwrhtml/mm5728a1.htm (accessed June 17, 2013).

“Texas Crime Rates 1960–1012.” FBI, Uniform Crime Reports, 2013. Available online at: http://www.disastercenter.com/crime/txcrime.htm (accessed June 17, 2013).

Chapter review

A hypothesis test of two population means from independent samples where the population standard deviations are known (typically approximated with the sample standard deviations), will have these characteristics:

  • Random variable: X ¯ 1 X ¯ 2 = the difference of the means
  • Distribution: normal distribution

Formula review

Normal Distribution:
X ¯ 1 X ¯ 2 N [ μ 1 μ 2 , ( σ 1 ) 2 n 1 + ( σ 2 ) 2 n 2 ] .
Generally µ 1 µ 2 = 0.

Test Statistic ( z -score):
z = ( x ¯ 1 x ¯ 2 ) ( μ 1 μ 2 ) ( σ 1 ) 2 n 1 + ( σ 2 ) 2 n 2
Generally µ 1 - µ 2 = 0.

where:
σ 1 and σ 2 are the known population standard deviations. n 1 and n 2 are the sample sizes. x ¯ 1 and x ¯ 2 are the sample means. μ 1 and μ 2 are the population means.

Use the following information to answer the next five exercises. The mean speeds of fastball pitches from two different baseball pitchers are to be compared. A sample of 14 fastball pitches is measured from each pitcher. The populations have normal distributions. [link] shows the result. Scouters believe that Rodriguez pitches a speedier fastball.

Pitcher Sample Mean Speed of Pitches (mph) Population Standard Deviation
Wesley 86 3
Rodriguez 91 7

What is the random variable?

The difference in mean speeds of the fastball pitches of the two pitchers

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State the null and alternative hypotheses.

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What is the test statistic?

–2.46

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At the 1% significance level, what is your conclusion?

At the 1% significance level, we can reject the null hypothesis. There is sufficient data to conclude that the mean speed of Rodriguez’s fastball is faster than Wesley’s.

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Use the following information to answer the next five exercises. A researcher is testing the effects of plant food on plant growth. Nine plants have been given the plant food. Another nine plants have not been given the plant food. The heights of the plants are recorded after eight weeks. The populations have normal distributions. The following table is the result. The researcher thinks the food makes the plants grow taller.

Plant Group Sample Mean Height of Plants (inches) Population Standard Deviation
Food 16 2.5
No food 14 1.5

Is the population standard deviation known or unknown?

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State the null and alternative hypotheses.

Subscripts: 1 = Food, 2 = No Food
H 0 : μ 1 μ 2
H a : μ 1 > μ 2

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Draw the graph of the p -value.

This is a normal distribution curve with mean equal to zero. The values 0 and 0.1 are labeled on the horiztonal axis. A vertical line extends from 0.1 to the curve. The region under the curve to the right of the line is shaded to represent p-value = 0.0198.
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At the 1% significance level, what is your conclusion?

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Use the following information to answer the next five exercises. Two metal alloys are being considered as material for ball bearings. The mean melting point of the two alloys is to be compared. 15 pieces of each metal are being tested. Both populations have normal distributions. The following table is the result. It is believed that Alloy Zeta has a different melting point.

Sample Mean Melting Temperatures (°F) Population Standard Deviation
Alloy Gamma 800 95
Alloy Zeta 900 105

State the null and alternative hypotheses.

Subscripts: 1 = Gamma, 2 = Zeta
H 0 : μ 1 = μ 2
H a : μ 1 μ 2

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Is this a right-, left-, or two-tailed test?

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What is the p -value?

0.0062

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Draw the graph of the p -value.

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At the 1% significance level, what is your conclusion?

There is sufficient evidence to reject the null hypothesis. The data support that the melting point for Alloy Zeta is different from the melting point of Alloy Gamma.

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Questions & Answers

differentiate between demand and supply giving examples
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appreciation
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In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
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other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
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What is different between quantity demand and demand?
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Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
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Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
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What do you think is more important to focus on when considering inequality ?
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it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
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In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
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Answer
Feyisa
c
Jabir
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
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suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
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types of unemployment
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What is the difference between perfect competition and monopolistic competition?
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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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