Class Time:
Name:
- The student will select the appropriate distributions to use in each case.
- The student will conduct hypothesis tests and interpret the results.
Look at yesterday’s newspaper business section. Conduct a hypothesis test to determine if
the proportion of New York Stock Exchange (NYSE) stocks that increased is greater than the
proportion of NASDAQ stocks that increased. As randomly as possible, choose 40 NYSE
stocks and 32 NASDAQ stocks and input the data into a Minitab worksheet.
Complete the following statements.
-
H
o
H
o
-
H
a
H
a
-
In words, define the Random Variable. ____________=
-
The distribution to use for the test is:
-
Calculate the test statistic using your data.
- Draw a graph and label it appropriately. Shade the actual level of significance.
- a. Graph:
- b. Calculate the p-value:
- Do you reject or not reject the null hypothesis? Why?
- Write a clear conclusion using a complete sentence.
The data in Textbook.mtw shows the price for both the new and used textbook price for books required for summer 2008 classes at Mesa College. Is it worthwhile to buy used textbooks?
-
H
o
H
o
-
H
a
H
a
-
In words, define the Random Variable. ____________=
-
The distribution to use for the test is:
-
Calculate the test statistic using your data.
- Draw a graph and label it appropriately. Shade the actual level of significance.
- a. Graph:
- b. Calculate the p-value:
- Do you reject or not reject the null hypothesis? Why?
- Write a clear conclusion using a complete sentence.
Test whether women have, on average, more pairs of shoes than men. Include all forms of sneakers, shoes, sandals, and boots. Use your class as the sample.
-
H
o
H
o
-
H
a
H
a
-
In words, define the Random Variable. ____________=
-
The distribution to use for the test is:
-
Calculate the test statistic using your data.
- Draw a graph and label it appropriately. Shade the actual level of significance.
- a. Graph:
- b. Calculate the p-value:
- Do you reject or not reject the null hypothesis? Why?
- Write a clear conclusion using a complete sentence.