We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Problem Set 6, 7, and 8 - Assignment Example

Comments (0) Cite this document
Suppose a Non-Governmental Organization wants to determine the incomes of various households in Boston and Massachusetts. It is known that household incomes in the two states are normally distributed with a mean of 50000 dollars and a variance of 56250000 dollars. A random…
Download full paperFile format: .doc, available for editing
Polish This Essay93.4% of users find it useful
Problem Set 6, 7, and 8
Read TextPreview

Extract of sample
"Problem Set 6, 7, and 8"

Download file to see previous pages Thus it is a measure of the strength of relationship between the two variables. David states that when the two variables are continuous-level variables, the value is called Pearson correlation coefficient (David, 1997. Pg100).
Suppose an economist wants to determine if higher oil prices increase the cost of shipping and the degree of the relation between the two, in this case, his main concern is the cost of shipping and how it is being affected by the changes in the oil prices; of which he wants to determine whether the shipping cost changes depend on the changes in the oil prices. Thus the dependent variable is the shipping cost while the independent variable is the oil prices. This is basically because the shipping cost depends on the oil prices. To answer his question, the economist can go ahead to collect historical data on the same and probably tabulate his results as below:
To measure the strength and direction of relationship/association between two variables, Spearman rank-order correlation can be used. It is a nonparametric measure. David notes that before using Spearman rank-order correlation, it is vital to check the validity of the data (David, 1997. Pg230). This is because not all data is qualified to be analyzed by Spearman rank-order correlation. Thus to use the spearman rank-order correlation, data must meet the following prerequisites:
Thus I selected this test to analyze the data based on these two conditions that have been met by the data. Suppose football analysts want to find out the order of the teams between two years in English premier league, Spearman rank-order correlation may be an option. The analyst has collected the following data:
1. Predicting unknown values of a variable from the value of several known variables (predictors) is done using multiple regression analysis. For example, we can predict the value of a dependent variable y so long as we are given the value of xi (x1, x2, x3, …xn)
Suppose an ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Problem Set 6, 7, and 8 Assignment Example | Topics and Well Written Essays - 1000 words”, n.d.)
Problem Set 6, 7, and 8 Assignment Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/statistics/1691562-problem-set-6-7-and-8
(Problem Set 6, 7, and 8 Assignment Example | Topics and Well Written Essays - 1000 Words)
Problem Set 6, 7, and 8 Assignment Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/statistics/1691562-problem-set-6-7-and-8.
“Problem Set 6, 7, and 8 Assignment Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/statistics/1691562-problem-set-6-7-and-8.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Problem Set
100 people were randomly assigned to receive the new formula medication when they had a headache, and the other 150 people received the old formula medication. The time it took, in minutes, for each patient to no longer have a headache was recorded. The results from both of these clinical trials are shown below.
2 Pages(500 words)Assignment
Assignment 7: Chapter 8
It is then filtrated through to the working memory. In other words, for information to be encoded within the working memory there must be an external stimulus, which alerts 1 or more of the 5 senses, thus allowing for the information to be manipulated
1 Pages(250 words)Assignment
Personal Reflection Journal Assignment Unit 6, 7, 8, and 9
My expected results were being strategic; restorative; and being a maximizer However, the results yielded were being a relator; an achiever; being analytical; an arranger; and in command. Reading the descriptions of the strengths awed me, as
4 Pages(1000 words)Assignment
Question set 4-6
The system enables tracking of resources to ensure that they are being utilized as per expectation. It also enables senior management to keep track of projects and ensure that the system is updated as far as what resources
6 Pages(1500 words)Assignment
Problem set 5
Silicon has the highest specific heat compared to the rest, thus, it would be the metal that would give off the most heat. Thus eating ice counteracts the exothermic processes
3 Pages(750 words)Assignment
Problem Set
same point in pregnancy as or earlier than Marcelle, (b) at a later point in pregnancy than Marcelle, and (c) between their due date and the point at which Marcelle gave birth. Repeat the SPSS Connection from page 105 on your computer. Copy and paste the SPSS output for the
1 Pages(250 words)Assignment
Problem set
This is a form of ambiguity and unnecessary prolixity. Such an answer was irrelevant, lacked order and was ludicrous. The humour comes to the idea of the biscuits being in the wrong place without explanation. The second issue is equally far
5 Pages(1250 words)Assignment
Module 3 Problem Set
how many outliers are there on each continuous variable; do they fall above and/or below the mean). What are ways to handle outliers on the continuous variables? Might there be some arguments against
1 Pages(250 words)Assignment
Problem Set 5 - Externalities and Efficiency
They are portrayed to use the real product like in the case a student who reads effectively using the glasses. It is quiet ironical that the glasses can provide a glance at opaque objects. 2. Do shortages caused by rent controls tend to be
2 Pages(500 words)Assignment
Econ Problem set
Inflation: for both January and March, FOMC’s reported inflation to have fallen further below the committee’s longer-run objective. Even though it appears that there is no difference in the January and March views, one can conclude that the
1 Pages(250 words)Assignment
Let us find you another Assignment on topic Problem Set 6, 7, and 8 for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us