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Sample size and the P-value. In this exercise we examine the effect of the sample size on the significance test for comparing two proportions. In each case suppose that p^1 = 0.5 and p^2 = 0.4, and take n to be the common value of n1 and n2. Use the z statistic to test H0: p1 = p2 versus the alternative Ha: p1 ≠ p2.
Compute the statistic and the associated P-value for the following values of n: 40, 50, 80, 100, 400, 500, and 1000. Summarize the results in a table.
Explain what you observe about the effect of the sample size on statistical significance when the sample proportions p^1 and p^2 are unchanged.
construct a frequency distribution table for these data. what type of graph would be appropriate to show the frequency distribution for these data?
What is the formula for the expected utility of agent 1? What is the expected utility of agent 2? Does the size of the prize matter in determining his optimal amount of effort?
suppose the sample size from the normal population is 11. also assume that the population standard deviation is
Jolly Blue Giant Health Insurance is concerned about rising lab test costs and would like to know. Determine the essential sample size?
the mean number of shares traded on on the new york stock exchange in june 2004 was 2.4 billion per day. assume that
The Law of Large Numbers is a statistical theory that you read about in this chapter. In your own words, what does this law say about the probability of an event? Perhaps you have also heard of something called the Law of Averages (also called the..
DC Comics created a character known as Flex Mentallo, who like Mac, came to be imbued with extraordinary strength. Flex Mentallo, once a scrawny weakling who has sand kicked in his face by a bully, returns to the beach with his muscular physique, ..
an accounting firm is planning for the next tax preparation season. from last years returns the firm collects a
The variance is any different with the new ball. Test the null hypothesis that the new ball does not improve a bowler's average at the 5% level of significance.
Prepare a new performance report for September using the flexible budget approach. (Note: Even though some of these costs might be classified as direct costs rather than as overhead, the flexible budget approach can still be used to prepare a flex..
Level annual equivalence principle premiums are payable prior to failure.S how that for any nonnegative integer r, Var(rL) = 1/15.
in a different regression analysis 40 of the variance was explained. the sum of squares total is 1000. what is the sum
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