Free Samples

ECON634 Econometrics And Business Statistics

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;

overflow-x: auto;

width: 100%;}

ECON634 Econometrics And Business Statistics

0 Download5 Pages / 1,043 Words

Course Code: ECON634

University: Macquarie University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Questions:

1. It is reported that the average numeracy score achieved by Year 5 classes in the recent Naplan tests of 2016 is 493 with a standard deviation of 60. Calculate the probability that a randomly selected sample of 30 Year 5 classes in Australia in 2016 had an average numeracy score less than 500. Justify any assumption you make. Shade in the diagram to represent the probability you have calculated.

2. Assume that 50% of students scored above 493 in the numeracy test. Calculate the probability that, in a randomly selected sample of 200 Year 5 children, more than 115 of them scored over 493 in the numeracy test. Justify any assumptionyou make. Shade in the diagram to represent the probability you have calculated.3. It is reported that the average numeracy score achieved by Year 5 classes in the Naplan tests of 2016 is 493. From the sample of 59 schools in 2015, the average score was found to be 506.63 with a standard deviation of 36.76. Test the hypothesis that the average numeracy scores of Year 5 classes in 2015 in the three major capital cities differs from the average numeracy score in 2016. Test your claim at the 5% significance level.5. Calculate a 95% confidence interval to estimate the average numeracy score of all grade 5 classes in the major capital cities in 2015. Interpret this interval.

Answer:

The distribution of numeracy scores was assumed to be normally distributed using central limit theorem, as the sample size was greater or equal to 30.

Here, and

The required probability was calculated.

The distribution of numeracy score was assumed to be normally distributed using central limit theorem, as the sample size was greater than 30.

According to the problem, population parameter ratio for numeracy score was

Now, sample size

Required probability was

Null hypothesis: H0:

Alternate Hypothesis: HA: where was the average numeracy score achieved by Year 5 classes.

Level of significance was considered at 5%, and the test was a two tail test.

Sample statistic values were

Due to absence of population standard deviation, t-test was the appropriate choice.

The t-statistic = with 58 degrees of freedom.

The p-value was < 0.05, at 5% level.
The 95% confidence interval for population mean was estimated as, and the population average was outside the interval.
Hence, the null hypothesis was rejected at 5% level of significance, concluding that average numeracy scores in the three major capital cities were significantly different from the average numeracy score of 493.
The 95% confidence interval for average numeracy score of all grade 5 classes in the major capital cities in 2015 was estimated as, and the population average was found to be outside the interval. Hence, the null hypothesis was correctly rejected at 5% level of significance.
Null hypothesis: H0:
Alternate Hypothesis: HA:
Level of significance was considered at 5%, and the test was a two tail test.
Sample statistic values were
Z-test was the appropriate choice.
The Z-statistic =
The p-value was < 0.05, at 5% level.
The 95% confidence interval for population mean was estimated as, and the population parameter was outside the interval.
Hence, the null hypothesis was rejected at 5% level of significance, concluding that proportion of numeracy scores in the three major capital cities were significantly different from the population proportion of numeracy score.
The 95% confidence interval for population mean was estimated as, and the population parameter was outside the interval. Hence, the null hypothesis was correctly rejected at 5% level of significance,
Sample statistic values were
The 95% confidence interval for population mean was estimated as, and the population parameter was still outside the interval. Hence, the null hypothesis would be still rejected at 5% level of significance,
Null hypothesis: H0:
Alternate Hypothesis: HA: where and were the variances of Writing scores of Year 3 children from Sydney schools and Melbourne schools in 2015.
Level of significance was considered at 5%, and the test was a two tail test.
Sample statistic values were
The F-test was the appropriate choice. The F-test was performed in Excel to test the hypothesis at 5% level.
The F-calculated was 0.92, and p-value = 0.428 > 0.05, at 5% level.

Hence, the null hypothesis failed to get rejected at 5% level of significance, concluding that there was no statistically significant difference in variances of writing scores of Year 3 children from Sydney schools and Melbourne schools in 2015.

Null hypothesis: H0:

Alternate Hypothesis: HA:

Level of significance was considered at 5%, and the test was a two tail test.

Sample statistic values were

Due to absence of population standard deviations, t-test with equal variances (from 2.b) was the appropriate choice.

The p-value was > 0.05, at 5% level.

Hence, the null hypothesis failed to get rejected at 5% level of significance, concluding that there was no statistically significant difference in the average writing scores of Year 3 children from Melbourne schools and Sydney schools in 2015.

The p-value was > 0.05, for two tail test at 5% level.

Hence, the null hypothesis failed to get rejected at 5% level of significance, concluding that there was no statistically significant difference in the average writing scores of Year 3 children from Melbourne schools and Sydney schools in 2015.

The histogram was symmetric in nature, and the shape almost resembled to that of the normal distribution (bell shaped curve).

Null hypothesis: H0:

Alternate Hypothesis: HA: where and were average Reading and Writing scores.

Level of significance was considered at 5%, and the test was a right tail test.

Sample statistic values were

Due to absence of population standard deviations, t-test with unequal variances was the appropriate choice.

The t-statistic = 2.197 with 35 degrees of freedom.

The p-value was < 0.05, at 5% level.
Hence, the null hypothesis was rejected at 5% level of significance, concluding that the average Reading scores were statistically significantly more than the average writing scores of Year 3 classes (Fang, 2017).
The 95% confidence interval for average numeracy score of mean difference in average Reading scores and average Writing scores of Year 3 classes was estimated as, and the difference in average Reading scores and average Writing scores was found to be outside the interval. Hence, the null hypothesis was correctly rejected at 5% level of significance.
Excel was used to estimate the regression line of Grammar on Numeracy scores. The estimated regression line was, where was the residual of the estimated equation
The estimated regression line was, where was the residual of the estimated equation
The standard error for intercept was SE = 69.813, and that of the Numeracy scores was SE = 0.133.
The intercept (t = -0.067, p = 0.948) was statistically insignificant, as negative Grammar score due to zero in Numeracy scores does not make any statistical sense.
Numeracy was statistically significant (t = 7.82, p < 0.05) predictor of Grammar scores at 5% level of significance.
The sample size was 19, and the coefficient of determination (R-square) = 0.782. Hence, Numeracy was able to explain 78.2% variation in Grammar scores.
The slope coefficient was 1.038, which signified a significant strong positive linear relation between the two variables. The angle of the regression line was noted to be greater than 45 degrees, as the slope was greater than 1.
Null hypothesis: H0: (No linear relation exists)
Alternate Hypothesis: HA:
Level of significance was considered at 5%, and the test was a two tail test.
Sample statistic values were
Due to absence of population standard deviation, t-test was the appropriate choice.
The t-statistic = with 18 degrees of freedom.
The p-value was < 0.05, at 5% level.
The 95% confidence interval for population mean was estimated as, and the population parameter was outside the interval.
Hence, the null hypothesis was rejected at 5% level of significance, concluding that a statistically significant linear relation exists between Grammar scores and Numeracy scores of Year 5 classes in Sydney in 2015 (Chatterjee, & Hadi, 2015).
References
Chatterjee, S., & Hadi, A. S. (2015). Regression analysis by example. John Wiley & Sons.
Fang, K. W. (2017). Symmetric Multivariate and Related Distributions: 0. Chapman and Hall/CRC.
Free Membership to World's Largest Sample Bank
To View this & another 50000+ free samples. Please put
your valid email id.
E-mail
Yes, alert me for offers and important updates
Submit
Download Sample Now
Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.
UploadUnique Document
DocumentUnder Evaluation
Get Moneyinto Your Wallet
Total 5 pages
PAY 3 USD TO DOWNLOAD
*The content must not be available online or in our existing Database to qualify as
unique.
Cite This Work
To export a reference to this article please select a referencing stye below:
APA
MLA
Harvard
OSCOLA
Vancouver
My Assignment Help. (2021). Econometrics And Business Statistics. Retrieved from https://myassignmenthelp.com/free-samples/econ634-econometrics-and-business-statistics/population-parameter.html.
"Econometrics And Business Statistics." My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/econ634-econometrics-and-business-statistics/population-parameter.html.
My Assignment Help (2021) Econometrics And Business Statistics [Online]. Available from: https://myassignmenthelp.com/free-samples/econ634-econometrics-and-business-statistics/population-parameter.html[Accessed 18 December 2021].
My Assignment Help. 'Econometrics And Business Statistics' (My Assignment Help, 2021)

My Assignment Help. Econometrics And Business Statistics [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/econ634-econometrics-and-business-statistics/population-parameter.html.

×

.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest

The respective sample has been mail to your register email id

×

CONGRATS!

$20 Credited

successfully in your wallet.

* $5 to be used on order value more than $50. Valid for

only 1

month.

Account created successfully!

We have sent login details on your registered email.

User:

Password:

MyAssignmenthelp.com is one of the noted service providers that deliver essay help. We provide tailored essay assistance to make sure that student gets online essay help exactly in the way they want it to be written. We at MyAssigemnthelp.com have built teams of consultants, who readily attend every query related to help me writing my essay. We provide essay writing help in forms of tips and steps in order o assist students with tough essay assignments.

Latest Management Samples

div#loaddata .card img {max-width: 100%;

}

MPM755 Building Success In Commerce

Download :

0 | Pages :

9

Course Code: MPM755

University: Deakin University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:

Introduction

The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…

Read

More

SNM660 Evidence Based Practice

Download :

0 | Pages :

8

Course Code: SNM660

University: The University Of Sheffield

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answers:

Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I

Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…

Read

More

Tags:

Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration

BSBHRM513 Manage Workforce Planning

Download :

0 | Pages :

20

Course Code: BSBHRM513

University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:

Task 1

1.0 Data on staff turnover and demographics

That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…

Read

More

MKT2031 Issues In Small Business And Entrepreneurship

Download :

0 | Pages :

5

Course Code: MKT2031

University: University Of Northampton

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:

Entrepreneurial ventures

Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…

Read

More

Tags:

Turkey Istanbul Management University of Employee Masters in Business Administration

MN506 System Management

Download :

0 | Pages :

7

Course Code: MN506

University: Melbourne Institute Of Technology

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:

Introduction

An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…

Read

More

Tags:

Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology

Next