1STATISTICS Table of Contents Answer 1..........................................................................................................................................3 Part a............................................................................................................................................3 Part b............................................................................................................................................3 Part c............................................................................................................................................3 Part d............................................................................................................................................3 Part e............................................................................................................................................3 Answer 2..........................................................................................................................................4 Part a............................................................................................................................................4 Part b............................................................................................................................................4 Part c............................................................................................................................................4 Part d............................................................................................................................................5 Answer 3..........................................................................................................................................5 Part a............................................................................................................................................5 Part b............................................................................................................................................5 Part c............................................................................................................................................6 Answer 4..........................................................................................................................................6 Part a............................................................................................................................................6 Part b............................................................................................................................................6
2STATISTICS Part c............................................................................................................................................6 Part d............................................................................................................................................6 Part e............................................................................................................................................6 Reference.........................................................................................................................................7
3STATISTICS Answer 1 Part a For Quiz 1: Mean = 72, Median = 72, Mode = 60 For Quiz 2: Mean = 72, Median = 72, Mode = 65 For Quiz 3: Mean = 76, Median = 72, Mode = 72 For Quiz 4: Mean = 76, Median = 86.5, Mode = No Mode Part b For quiz 1 and 2 the mean and median are similar. Hence, the measure of the Centre of Quiz 1 and 2 agree. Similarly, for Quiz 3, median and mode values are similar. Hence, the measure of the centre agrees. For quiz 4, there are variations in values of man, median and mode. Thus the measures of the centre do not agree. Part c For Quiz 1: the mean and median are similar. Hence the mean and median have strengths. On the other hand, the mode is not similar. For Quiz 2: the mean and median are similar. Hence the mean and median have strengths. On the other hand, the mode is not similar. For Quiz 3: the mean, median and mode are similar. Thus the centre of the data gets stronger For Quiz 4: All the three values of the centre are different. Thus they are weak. Part d For Quizzes 1, 2 and 3 the mean and median are similar. Thus, the dataset is not skewed. The scores in the data are normally distributed. For Quiz 4 the mean is less than the median. Hence, the data is left skewed.
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4STATISTICS Part e In Quiz 1,2 and 3 the mean and median are similar. For Quiz 1 the mode is 60 while for Quiz 2 the mode is 65. Thus as compared to quiz 1, the scores of quiz 2 are better since more number of students are near the centre. For quiz 3, mean, median and mode are similar. Thus the data is completely normally distributed. For quiz 4, all measure of centre is different. Thus, students are poor as well as weak. Answer 2 Part a The number of Plants = 100 The number of Almonds plants = 19 Hence the proportion of Almonds plants^p=19 100=0.19 The 90% CI of the proportion of Almond plants is calculated as:^p±z∗ √^p∗(1−^p) n Where^p= 0.19 z= 1.645 n= 100 Hence, 90% CI¿0.19±1.645∗ √0.19∗(1−0.19) 100=0.19±1.645∗√0.001539 ¿0.19±1.645∗0.039=¿0.19±0.064 Thus the lower bound of 90% CI = 0.126 Thus the upper bound of 90% CI = 0.254 Part b The population contained mixed nuts, hence normality may be assumed.
5STATISTICS Part c The sample size is calculated as:¿(z Error) 2 ∗^p∗(1−^p)=(1.645 0.03) 2 ∗0.19∗0.81 54.832∗0.19∗0.81=462.67≈463 Thus a sample size of 463 plants would be required in order to get a 90% CI with±0.03 error. Part d Sampling of the plants would the quality control manager understand the number of plants of each type. Answer 3 Regression Statistics R Square0.01104 Standard Error4.02545 Observations27 StatisticCoefficientsStd Errort StatP-valueLower 95%Upper 95% Intercept88.49021.6781452.7310.000085.034091.9464 Price−0.002390.00453−0.5280.6019−0.011720.00693 Part a The Null Hypothesis for coefficient is: The coefficient for Price is similar to zero H0:β1=0 Alternate Hypothesis:The coefficient for Price is not similar to zero HA:β1≠0 The p-value of Price is 0.6019. Thus we accept the null Hypothesis. Hence, the coefficient of price is similar to zero at 0.05 level of significance.
6STATISTICS Part b The value of R2is 0.01104 (Berenson et al., 2012) . Hence, 1.104% of the variation in sound quality can be predicted from prices of the speakers. Part c The coefficient of Price is -0.00239. Thus for every unit increase in Price the sound quality decreases by 0.00239 units. Hence, a higher price quality means reduction in sound quality. Answer 4 Part a Null Hypothesis: The average number of days for the arrival of package is 2 days H0:μ=2 Alternate Hypothesis: The average number of days for the arrival of package is more than 2 days HA:μ>2 Part b This is a type II error (Anderson et al., 2016). We accept the Null hypothesis wrongly. The Null hypothesis should have been rejected. In such circumstances customers would get their delivery on an average after 2 days. Part c This is type I Error. The claim of the organization of average delivery time being two days or less has been wrongly rejected. Under such circumstances the organization stands to lose its trustworthiness. Part d The organization would always like to minimize the chances of a Type I Error. Having a Type I Error, harms the reputation of the organization.
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7STATISTICS Part e The consumer would always like to minimize the chances of a Type II Error. Having a Type II Error, creates a false alarm that the customer would get the delivery late.