| Eco309 Economic Statistics |
Homework #9
| 9.12 (other Levine text):
Random samples of 60 listings in Farmingdale and 99 listings in Levittown yields the following mean and standard deviations (in thousands): Farmingdale: sample mean = 191.33 std.dev.= 32.6
(a) At the 5% significance
level, is there sufficient evidence of a difference in the average appraised
values for homes?
[Excel Note: you can download an Excel worksheet that conducts the separate variance t test for 2 means when the sample statistics are known by clicking here. Do not use PHStat's t test for two sample means because it assumes that the variances in the two groups are the same]. 10.16 (c & b only) Click here
for the training.xls
data file. Also answer:
[Excel/Phstat Note: In order to facilitate the generation of this test using Excel, first "unstack" the data using PHStat (click on <Phstat><DataPreparation><UnstackData>. You can then generate the t test using the raw data in the unstacked worksheet by clicking on <Data><Data Analysis><t test: 2 sample assuming unequal variances>. The side by side boxplot can be created by clicking on <PHStat><DescriptiveStats><Box&WhiskerPlot><MultipleGroups>. 10.29 Click here for the perform.xls data file and do the following: (a)
Calculate the difference in performance ratings for each employee.
PHSTAT Note: Click on <PHStat><OneSampleTests><t test for the mean (sigma unknown)> and then highlight the difference in ratings column. (c) Using the preseminar and postseminar ratings for each employee, use EXCEL to conduct a t test for the mean difference in two related samples to assess whether the seminars generated a significant increase in employee ratings (click on <Data><Data Analysis><t test: paired two sample for means> and then highlight the two columns of ratings). Compare these findings w/ those of the one sample test. What hypotheses does the t test for the mean difference in two related samples really test? |