Difference between estimated proportions of business owners, Basic Statistics

Question 1. In 2009, Research New Zealand conducted a survey on small businesses in New Zealand. Small businesses were defined as enterprises with 19 or fewer employees. 501 small business owners, representative of New Zealand businesses with up to (and including) 19 employees were randomly selected and their answers to a number of questions were obtained. Two of the questions asked the owners about their expectations when they started the business and to what extent had these expectations been met? The table below details the owners' expectations and the responses to the question about the extent the expectations had been met.

1678_Difference between Estimated Proportions of Business Owners.png

 

(a) State the sampling situation for analysing the difference between the estimated proportion of small business owners in New Zealand whose expectation that it would be enjoyable/fun was exceeded and the estimated proportion of small business owners in New Zealand whose expectation that it would enjoyable/fun was met completely.

(b) Carry out a t-test to investigate if there is a difference between the proportion of small business owners in New Zealand whose expectation that it would be hard work was exceeded and the proportion of small business owners in New Zealand whose expectation that they would have a better work-life balance was exceeded. Notes:

(i) Refer to the instructions on page 1 of this assignment: "Hypothesis tests in this assignment".

(ii) You must follow the step-by-step guide to performing a t-test.

(iii) At step 6 it is necessary to use a graphics calculator, SPSS, Excel or t-tables to determine the P-value.

(iv) You can check your calculations by using the Excel spreadsheet on Cecil. Look under Assignment Resources.

 

 

Posted Date: 3/22/2013 5:36:24 AM | Location : United States







Related Discussions:- Difference between estimated proportions of business owners, Assignment Help, Ask Question on Difference between estimated proportions of business owners, Get Answer, Expert's Help, Difference between estimated proportions of business owners Discussions

Write discussion on Difference between estimated proportions of business owners
Your posts are moderated
Related Questions
Show that for a single-output technology, Y is convex if and only if the production function f (z) is concave.

Holding period return: Holding period return is the return earned by the virtue of holding an asset over a given period. The return is equal to the income and other gains earned fr

What is the probability of selecting exactly one red and one blue fish (Total red is .479 and total blue is .521 and total of both is 1.000) I cannot figure out the formula or how

How much it will cost to get an assignment


how to find 1st quartile from the graph of more than ogive type, please reply me with an example

Read the article “Apple turns over entire inventory every five days.”1 It is not surprising that, the success of managing inventory can lead to the success of a firm’s operational

discuss the considerations to be borne in mind when constructing index numbers

According to Thomson Financial, through January 25, 2006, the majority of companies reporting profits had beaten estimates (BusinessWeek, February 6, 2006). A sample of 162 compani

which one is better skewed or kurtic distributed data?