Calculate the ratio of the sample standard deviation, Applied Statistics

Assignment Help:

The Case Study included information about the price for a full meal before and after the law change (in dollars).  Of interest is whether the differences in price for a full meal before and after the law change (Price2 - Price1) differed, on average, between the four fast-food restaurant chains in New Jersey.  

(a)  Using PASW (SPSS) get the data directly from Cecil.  In the window that appears select Save.  Click OK and when prompted save the file to a relevant folder. 

Notes: 

(i) The window that opens may be hidden behind your browser. 

(ii) The data should open in PASW (SPSS). 

(b)  Using PASW (SPSS), draw the appropriate box plot(s) for this data set.  (You should consider the design of this study to ensure the relevant plot(s) is drawn.)  Comment on any features in the plot(s) in terms of the original story.

(c) Perform an F-test on these data.  Refer to your Lecture Workbook, Section E, PASW (SPSS)

 [Note: Ensure that you complete Step 1 through to Step 4.] 

(d) State the assumptions of the F-test in terms of the original story. 

(e) Calculate the ratio of the sample standard deviation of the most variable fast-food restaurant chain to the sample standard deviation of the least variable fast-food restaurant chain.

(f) Comment on the validity of the F-test by briefly discussing each assumption.

(g) Assume that an F-test is an appropriate test to use here.  (Note: It may not be.)

(i) State the null hypothesis for the test, both in words and using symbols. 

(ii)  State the alternative hypothesis for the test in words. 

(iii)  What does the result of the F-test tell you about the mean difference in price for a full meal for the 4 fast-food restaurant chains?  Explain your answer in 1 or 2 sentences. 

(h) Assuming the Tukey's pairwise comparisons are valid:

 (i) Is there a difference between the underlying mean difference in price for a full meal for Burger King fast-food restaurants in New Jersey and that for Wendy's fast-food restaurants in New Jersey?  Interpret your results, including the 95% confidence interval.

(ii)  Between which pair (or pairs) of chains were there significant differences (at the 5% level) in the mean difference in price for a full meal?

(iii)  Are we able to determine which single chain has the greatest underlying mean difference in price for a full meal?  If so, name the chain.


Related Discussions:- Calculate the ratio of the sample standard deviation

Local truncation error, (a) If one solves the ordinary differential equati...

(a) If one solves the ordinary differential equation using Euler's method find an expression for the local truncation error. (b) Using the result of (a) above what will

Estimation error on apparent arbitrage, This question explores the effect o...

This question explores the effect of estimation error on apparent arbitrage opportunities in a controlled simulation setting. We simulate returns for N = 10 assets over T = 30 year

Determine the regression equation, The file Midterm  Data.xls has a tab lab...

The file Midterm  Data.xls has a tab labeled "National Grid vs. Alcoa" which presents historical price data for two stocks.  Using the National Grid price as the X-value and the Al

Hortons initial infiltration capacity, (a) The Horton's initial infiltratio...

(a) The Horton's initial infiltration capacity for a catchment is 204 mm/h and the constant infiltration value at saturation is 60 mm/h. For a rainfall in excess of 204 mm/h mainta

Descriptive statistics, find the average rate of increase in population whi...

find the average rate of increase in population which in the first decade has increased 20%.in the second 25% and in the third 44%

HLT 362, What is an interaction? Describe an example and identify the varia...

What is an interaction? Describe an example and identify the variables within your population (work, social, academic, etc.) for which you might expect interactions?

Mean and median, The amounts of money won by the top ten finishers in a fam...

The amounts of money won by the top ten finishers in a famous car race are listed below. $1,172,246    $163,659    $440,584    $350,634     $290,596 $186,731    $145,809     $143,2

Confidence interval, for this proportion, use the +-2 rule of thumb to dete...

for this proportion, use the +-2 rule of thumb to determine the 95 percent confidence interval. when asked if they are satisfied with their financial situation, .29 said "very sat

Arithmetic average or mean, Arithmetic Average or Mean The arithmetic m...

Arithmetic Average or Mean The arithmetic mean is the most widely and the most generally understandable of all the averages. This is clear from the reason that when the term

Active control equivalence studies (aces), Active Control Equivalence Studi...

Active Control Equivalence Studies (ACES) Clinical trials the field in which the object is easy to show that the new treatment is  as good as the existing treatment. Such type

Write Your Message!

Captcha
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