Hypothesis testing for two means and two proportions
Class Time:
Names:
Student learning outcomes
The student will select the appropriate distributions to use in each case.
The student will conduct hypothesis tests and interpret the results.
Supplies:
the business section from two consecutive days’ newspapers
three small packages of M&Ms®
five small packages of Reese's Pieces®
Increasing stocks survey
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 theproportion of NASDAQ stocks that increased. As randomly as possible, choose 40 NYSE
stocks, and 32 NASDAQ stocks and complete the following statements.
H
0 : _________
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.
Graph:
Calculate the
p -value.
Do you reject or not reject the null hypothesis? Why?
Write a clear conclusion using a complete sentence.
Decreasing stocks survey
Randomly pick eight stocks from the newspaper. Using two consecutive days’ business sections, test whether the stocks went down, on average, for the second day.
H
0 : ________
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.
Graph:
Calculate the
p -value:
Do you reject or not reject the null hypothesis? Why?
Write a clear conclusion using a complete sentence.
Candy survey
Buy three small packages of M&Ms and five small packages of Reese's Pieces (same net weight as the M&Ms). Test whether or not the mean number of candy pieces per package is the same for the two brands.
H
0 : ________
H
a : ________
In words, define the random variable.
What distribution should be used for this test?
Calculate the test statistic using your data.
Draw a graph and label it appropriately. Shade the actual level of significance.
Graph:
Calculate the
p -value.
Do you reject or not reject the null hypothesis? Why?
Write a clear conclusion using a complete sentence.
Shoe survey
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
0 : ________
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.
Graph:
Calculate the
p -value.
Do you reject or not reject the null hypothesis? Why?
Write a clear conclusion using a complete sentence.
Questions & Answers
Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from
Qd 120 3P
to
Qd 90 3P
and the supply function has shifted from
QS
20 2P
to
QS
10 2P .
a) Find the effect of this change on price and quantity.
b) Which of the changes in demand and supply is higher?
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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