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Hi, I am looking for someone to write an article on introduction to statistics Paper must be at least 500 words. Please, no plagiarized work!
Hi, I am looking for someone to write an article on introduction to statistics Paper must be at least 500 words. Please, no plagiarized work! Introduction to Statistics Fall Assignment 6: T-Tests Analyse each one of the three cases below according to the following steps:
1. What is the appropriate test to implement and why?
2. Set up the null and alternative hypotheses.
3. What is the rejection rule?
4. Test at a significance level of 0.05 and present Excel output (copy and paste in Word document)
5. What is the rejection decision?
6. What is the conclusion?
Question 1
An investor compares the returns on car manufacturers and energy stocks.
He believes that energy stocks perform better.
He recorded 2 random samples of 6 returns in each industry. The numbers are given below:
Obs.
Car manufacturers
energy
1
11.5
9.4
2
8.2
17.1
3
3.5
17.4
4
6.2
7.1
5
7.5
22.4
6
9.2
10.1
What is the appropriate test to implement and why?
Independent sample t-test, because we are comparing means of two unrelated groups.
Set up the null and alternative hypotheses.
HO: µcar = µenergy
H1: µenergy >. µcar
What is the rejection rule?
If p ≤ reject H0, otherwise fail to reject H0
Test at a significance level of 0.05 and present Excel output (copy and paste in Word document)
Energy
Car manufacturers
Mean
13.91666667
7.683333333
Variance
35.13366667
7.373666667
Observations
6
6
Pooled Variance
21.25366667
Hypothesized Mean Difference
0
df
10
t Stat
2.