Construct confidence interval estimate for creativity score

Assignment Help Microeconomics
Reference no: EM13964594

The Data:

Creative Scores

 

 

 

Red Background

n = 35

  = 3.39

s = 0.97

Blue Background

n = 36

 = 3.97

s = 0.63

1. Problem to Solve:

Using the data from this color creativity example, construct a 98% confidence interval estimate for the difference between the mean creativity score for those with a red background and the mean creativity score for those with a blue background.

2. We are 98% confident that the limits -1.05 and -0.11 actually do contain the difference between the two population means.

Because those limits do not include 0, our interval suggests that there is a significant difference between the two means. 

3. State the conclusion.

Reference no: EM13964594

Questions Cloud

Find the intensity of light coming out of 3rd polarizer : Next polarizers, Polarizer 2 and Polarizer 3 are placed in such a way that their polarizing axis are making 30 and 90 degree angle with vertical axis respectively. Find the intensity of light coming out of 3rd polarizer.
Independent research on encryption : What are some of the latest advances in encryption technologies? Conduct some independent research on encryption using scholarly resources, then write a two- to three-page APA paper that describes at least two new advances in encryption technology
Whether to buy this exercise machine : As a consumer trying to decide whether to buy this exercise machine, would it have been more useful for the company to give you the mean or the median? Explain.
Find surface and volume charge density on and within sphere : The sphere has no free charge and is placed in a region in which there is no externally applied electric field. Find the surface and volume charge densities on and within the sphere. Deduce the electric field E(r) within the sphere (in spherical c..
Construct confidence interval estimate for creativity score : Construct a 98% confidence interval estimate for the difference between the mean creativity score for those with a red background and the mean creativity score for those with a blue background.
Compute peter and amys income tax liability : Compute Peter and Amys income tax liability for the current year using Form 1040, Schedules A and B, and Form 8283, if necessary.
How much work must be done on the air to compress it : Suppose that 5gm of air is adiabatically compressed so as to raise its temperature from 20deg to 400 deg. How much work must be done on the air to compress it?
Estimate the distance to a lightning flash : You can estimate the distance to a lightning flash by counting the seconds that elapse between the time you see the flash and when you hear the accompanying thunder. The approximate distance in miles is obtained by dividing the time in seconds by 5..
Problem regarding the issuing shares : If you raise the capital you need to reopen by issuing shares, shareholders expect a 10% return. If you borrow, the bondholders require a 7% return. Should you open the mine? Show your work. You may answer the question in a spreadsheet. Upload you..

Reviews

Write a Review

Microeconomics Questions & Answers

  Why everyone pay the same price for a medium sized popcorn

Movie theaters charge a variety of admission prices: one for matinees, another for evening showings; one for students, and another for adults, another for golden agers. Children under 12 often are admitted for a zero money price. Why don't theater..

  In the context of shareholder wealth-maximization model of

in the context of the shareholder wealth-maximization model of a firm what is the expected impact of each of the

  Why dosent the government get the centarl bank to wait

Alan Greenspan,chairman of the fed ,was the leading proponent of the view that it is too difficult , and potentialy too harmfull,topop a bubble by raising interest rates..if bubble emerged, better to quickly lower interest rates to cushion the blo..

  A perfectly competitive and then becomes monopoly

Assume a hypothetical case where an industry begging a perfectly competitive and then becomes monopoly

  Explain why you would recommend stocking rate

Identify the stocking rate that you would suggest to a risk averse farmer and explain why you would recommend this stocking rate.

  How would diminishing returns set in a business

Give me examples from your work experiences how would diminishing returns set in a business due to limited equipment, limited space, bureaucracy, management complexities etc. increases cost per unit as businesses expand? Do you think that even increa..

  The category of business tort known as wrongful interference

The category of business tort known as wrongful interference with a contractual relationship has three basic elements: (1) an enforceable contract between two parties, (2) a third party's knowledge of the contract, and (3) the third party's ind..

  Part-1question 1draw a correctly labeled loanable funds

part-1question 1draw a correctly labeled loanable funds graph that shows what happens to real interest rates for each

  Determine the elements that affect the reporting of the gdp

The scenario, analyze the nominal and real concepts, and apply these concepts to Gross Domestic Product (GDP). Determine the elements that affect the reporting of the GDP.

  How this will affect market for rental property in lawrence

Briefly explain whether you agree with the following statement: "If at the current quantity marginal benefit is greater than marginal cost, there will be a deadweight loss in the market.

  What were the two scores for the leader

Prepare to write a 6-8 page paper. What were the two scores for the leader you chose? What were your two scores? What do the scores mean and how did they compare? What insights did this exercise reveal to you about leadership?

  Questions1 estimate the regression model e using the ols

questions1 estimate the regression model e using the ols estimator and provide a summary report of the result i.e. the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd