Math302 Statistics Quiz
Question 2 of 171.0 PointsAn investor wants to compare the risks associated with two different stocks. One way to measure the risk of a given stock is to measure the variation in the stocks daily price changes.In an effort to test the claim that the variance in the daily stock price changes for stock 1 is different from the variance in the daily stock price changes for stock 2, the investor obtains a random sample of 21 daily price changes for stock 1 and 21 daily price changes for stock 2.The summary statistics associated with these samples are: n1 = 21, s1 = .725, n2 = 21, s2 = .529.If you compute the test value by placing the larger variance in the numerator, at the .05 level of significance, would you conclude that the risks associated with these two stocks are different?Reset SelectionQuestion 3 of 171.0 PointsA researcher hypothesizes that the variation in the amount of money spent on business dinners is greater than the variation of the amount of money spent on lunches. The variance of nine business dinners was $6.12 and the variance of 12 business lunches was $0.87. What is the test value?Reset SelectionPart 2 of 8 -Question 4 of 171.0 PointsIn choosing the best-fitting line through a set of points in linear regression, we choose the one with the:Reset SelectionQuestion 5 of 171.0 PointsThe standard error of the estimate, sest, is essentially theReset SelectionQuestion 6 of 171.0 PointsIn regression analysis, the variable we are trying to explain or predict is called theReset SelectionQuestion 7 of 171.0 PointsIf an estimated regression line has a Y-intercept of 7.5 and a slope of 2.5, then when X = 3, the actual value of Y is:Reset SelectionQuestion 8 of 171.0 PointsThe marketing manager of a large supermarket chain would like to use shelf space to predict the sales of pet food. For a random sample of 12 similar stores, she gathered the following information regarding the shelf space, in feet, devoted to pet food and the weekly sales in hundreds of dollars. .Store123456Shelf Space555101010Weekly Sales1.62.21.41.92.42.6Store789101112Shelf Space151515202020Weekly Sales2.32.72.82.62.93.1Is the correlation between weekly sales and shelf space significant at the .01 level of significance?Yes, the computed t-test statistic is less than the critical value.Reset SelectionPart 3 of 8 -Question 9 of 172.0 PointsAccepted characters: numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), “E” or “e” (used in scientific notation). NOTE: For scientific notation, a period MUST be used as the decimal point marker.Complex numbers should be in the form (a + bi) where “a” and “b” need to have explicitly stated values.For example: {1+1i} is valid whereas {1+i} is not. {0+9i} is valid whereas {9i} is not.A field researcher is gathering data on the trunk diameters of mature pine and spruce trees in a certain area. The following are the results of his random sampling. Can he conclude, at the 0.10 level of significance, that the average trunk diameter of a pine tree is greater than the average diameter of a spruce tree?Pine treesSpruce treesSample size2535Mean trunk diameter (cm)5548Sample variance100140What is the test value for this hypothesis test?Test value:Reset Selection
