bs1501 tutorial 3_final

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Applied Statistics and Mathematics in Economics & Business

BS1501

Tutorial 3Pairach Piboonrungroj

(Champ)

me@Pairach.com

1. A Yogurt manufacturer

(a)

33,500,5700 xx

017.0)12.2( ZP

33

500570)570( zPxP

x

xzPxxP

0

0 )(

1. A Yogurt manufacturer

(b)

740.0)12924.0(21

x

xzPxxP

0

0 )(

)82.8,500(~~~ xNx

82.8

500510

82.8

500490)510490( ZPxP

)13.1(21)13.113.1( zPZP

nx

82.814

33

Z = -1.13 Z = 1.13

2. Women shift-workers

(a) 04.0150

)40.0)(60.0(60.0)ˆ( pE

n

PPp

)1(ˆ

04.0

60.070.0

04.0

60.060.0()70.0ˆ60.0( ZPPP

4938.00062.05.0)5.20( ZP

04.0

60.050.0)50.0ˆ( ZPPP

9938.00062.01)5.2(1)5.2( ZPZP

(b)

3. A Building Society

(a) n

s*1.645xfor C.I. 90%

30

8500*1.64515200

84.1775216.12667

n

s*2.57xfor C.I. % 99

30

8500*57.215200

33.1918867.11211

n

s*Zxfor C.I.

2

(b)

4. Voters from the electorate

(a)

n

xP ˆ

45.0400

180ˆ P

180 indicated their preference for a particular candidate (x)

400 sample voters (n)

4. Voters from the electorate

(b)

049.045.0

n

)P̂-(1P̂Zˆfor C.I.

2

PP

n

)P̂-(1P̂Zˆfor C.I. % 95

2

05.0PP

400

0.55*0.451.9645.0

499.0401.0 P

4. Voters from the electorate

(c)

064.045.0

n

)P̂-(1P̂Zˆfor C.I.

2

PP

n

)P̂-(1P̂Zˆfor C.I. % 99

2

01.0PP

400

0.55*0.4557.245.0

514.0386.0 P

5. Lifetime of light bulbs

(a)

5.2

100120

16001570

,100n ,1570x 120s

1600:0 H

1600:1 H

nsx

z

01.0

Reject H0 if z < -1.96 or if Z>+1.96

Reject H0 at 5% level of significance

i.e. There is sufficient evidence at 5% level of significance to reject the hypothesis that the mean lifetime of bulbs has changed, but not at the 1% level.

05.0

Reject H0 if z < -2.58 or if Z>+2.58

< -1.96 BUT > -2.58

5. Lifetime of light bulbs

(b)

5.2

100120

16001570

nsx

z,100n ,1570x 120s

1600:0 H

1600:1 H

05.0 01.0

Reject H0 if z < -1.64 (one tailed)Reject H0 if z < -2.33 (one

tailed)

Reject H0 5% and 1% levels of significance.

The first alternative hypothesis would seem to be a fairly weak one compared to the second one, given that it would be of more interest to know whether the mean lifetime of the population of bulbs has deteriorated, rather than simply change.

6. Rent for student room in Cardiff

(a)

220:

220:

1

0

H

H

ns

xz 0

4035

220230

Reject H0 if Z<-1.96 or if Z>1.96.

Thus we do not reject H0, i.e. the claim of

£220 per month cannot be rejected.

=1.81

n

sZx *025.0

40

35*96.1230

85.24015.219

C.I. for

Do not reject H0 since £220 is in the above interval.

(b)

7. A bank manager & her customers

(a)

30.0:

30.0:

1

0

pH

pH 20.0100

20ˆ p

045.0100

70.0*30.0ˆ p

96.122.2045.0

30.020.0ˆ

ˆ

0

P

PPZ

Therefore, we reject at 95% level of confidence.

Reject H0 if Z<-2.57. Thus do not reject H0 at 1% level of significance.

(b)

Thank You for Your Attention

• To download this slide (PPT & PDF)visitwww.pairach.com/teaching

• Any further question?Please email tome@pairach.com

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