statistic 200 written assignment
Written Assign # 2
Having reviewed the data from Written Assignment # 1 and selected 7 subjects with a similar profile as your client it is now appropriate to recommend a budget for their yearly food expenditures. The recommendation should include a point estimate and a confidence interval based upon the available data.
To accomplish this task, calculate a point estimate and a 90% confidence interval for the USD food for the following data sets:
Data set 1: The 30 subjects provided in the original data set
Data set 2: The seven subjects most selected by your fellow classmates.
Data set 3: The seven subjects you selected in Written Assignment # 1
Data Set 1
The 30 subjects provided in the original data set.
Mean _8619.30_ Standard Deviation _1824.88_
Data Set 2 members: (Recommended by your classmates with frequency count)
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Subject Identification # |
9 |
10 |
5 |
4 |
1 |
8 |
30 |
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Frequency |
22 |
20 |
19 |
18 |
16 |
9 |
6 |
Mean _7293.14_ Standard Deviation _771.632_
Data Set 3:
The ID numbers of the subjects you selected in Assignment # 1, include push subjects. (Enter Id’s from Assign # 1 for ease of documenting the statistical study)
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Subject Identification # |
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Mean __________ Standard Deviation ___________
Completing the Comparison Table (Calculations can be performed on the TI 83/84)
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Data Sets USD Food |
Mean |
Margin of error* |
Confidence level 90% Lower limit |
Confidence level 90% Upper limit |
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Data Set 1 |
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Data Set 2 |
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Data Set 3 |
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* Margin of error is ½ the width of the confidence interval
Based upon the above table: What is your recommendation for your client’s food budget? Highlight your answer.
Data set 1 Data set 2 Data set 3
Your grade for this assignment will be based upon completing the above table and a short, concise statistically sound explanation as to why you selected the above data set for making your recommendation.
Explanation:
If you have other thoughts on how to perform the analysis in this project, feel free to include them in a short, concise manner. (Not part of the grading process)
Extra credit:
Perform a Two Sample Hypothesis Test with a significance level of 10% to determine if there is a difference between the two estimates using Data Set 1 and Data Set 2.
What is the Null Hypothesis?
What is the Alternate Hypothesis?
What is the Pvalue?
What is the Decision?
If there is a difference, which data set most likely predicted a higher mean for food expenditures?