STA 371G Study Guide - Midterm Guide: Dow Jones Industrial Average, Bachelor Of Business Administration, Percentile

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reddinosaur956

6 Nov 2016

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There are 5 elements in decision making: population. Example: all u. s. bba students: variables or attributes. Examples: gpa, starting salaries, etc: sample or data. E(cid:454)a(cid:373)ple: a (cid:396)a(cid:374)do(cid:373) sa(cid:373)ple of (cid:1005)(cid:1004)(cid:1004) bba stude(cid:374)t(cid:859)s gpa f(cid:396)o(cid:373), sa(cid:455) (cid:1006)(cid:1009) diffe(cid:396)e(cid:374)t universities in the u. s. , four from each university. Note if you sampled all 100 from, say. The mean or median calculated from the sample of 100 students: reliability. Example: if you choose a different set of 100 students, the mean and median will change. Standard deviation (or confidence interval for the mean) is a quantification of how reliable the answer from (d) is. The smaller the standard deviation, the more reliable is the answer from (d). Types of data: numeric - data on which you can perform arithmetic operations (i. e. add, sub, mult, div) Continuous data that is observed on a continuum and can be as many decimals as possible (pie, djia)

Related Questions

You are interested in how much time students spend on the internet each day. Here are data on the time spent on the internet (in minutes) for a particular day reported by a random sample of 30 students at a large college:

a) Make a histogram of these data. Is the shape symmetric or skewed?

b) Find the 5 number summary and P_65.

c) Find the mean and sample standard deviation.

d) Are there any outliers? Justify your answer.

e) Would it be better to use the mean and standard deviation or the median and IQR to describe the centre and spread of this distribution? why?

ceruleanhedgehog638

QUESTION 1What is the purpose of post hoc tests? Under what circumstances are post hoc tests not needed or appropriate?

a. Under what circumstances is ANOVA a more appropriate statistical technique to use than a t test for independent samples? Please provide an example(s) to support your answer. (2 marks)

b. (2 marks)

c. In testing the difference between group means, how are between group and within group variability related to each other? Provide an example to support your answer. (2 marks)

QUESTION 2

a. If a two-factor ANOVA results in a significant main effect for factor A and a significant AxB interaction, explain why you should be cautious in interpreting the effect of factor A. (1 mark)

b. For the following research situations what would be your main effects and interaction effect. If there was a significant interaction effect what would that mean? (please be as clear as possible in your explanation):

A researcher hypothesizes that the effect of alcohol consumption on one’s motor skills depends on the person’s weight (underweight, normal, overweight), but that this may differ for men versus women. (2 marks)
A teacher is interested in seeing how attending class and reading the assigned chapters is related to her students’ performance on tests. She assesses each student in terms of how often they attend class (rarely, sometimes, regularly) and how often they read the assigned chapters (rarely, sometimes, regularly). (2 marks)

QUESTION 3

Ethel is interested in two methods of note-taking strategies and the effect of these strategies on the overall GPAs of college freshmen. She believes that men would benefit most from Method 1, while women would benefit most from Method 2. After obtaining 30 men and 30 women volunteers in freshmen orientation, she randomly assigns 10 men and 10 women to Method 1, 10 men and 10 women to Method 2, and 10 men and 10 women to a control condition. During the first month of the spring semester individuals in the two note-taking method groups receive daily instruction on the particular note-taking method to which they were assigned. The control group receives no note-taking instruction. Fall and spring GPAs for all participants are recorded and a score that is the difference between the spring and fall semester GPAs is calculated.

Below are the results from running a two-way ANOVA. Please answer the following:

What is the dependent variable? (0.5 marks)
What are the independent variables (factors)? (0.5 marks)
What is the research question(s) being addressed? (1 mark)
What does the descriptive statistics (graphical) tell us about the effects under study?

(1 mark)
What assumptions are being tested in the R output? Are these assumptions met? Please

provide statistical evidence. (2 marks)
What effects are being tested in the R output? (1 mark)
What does output from the ANOVA table tell us? (1 mark)
What type of follow-up analyses was conducted and why? Please interpret. (2 marks)

: Men
: Method1

      median
coef.var

0.300

0.469

: Women
: Method1

      median
coef.var

0.150

0.496

: Men
: Method2

      median
coef.var

0.275

0.027

: Women
: Method2

      median
coef.var

0.600

0.629

: Men
: Control

      median
coef.var

0.175

mean 0.335

mean 0.170

mean 0.305

mean 0.640

mean 0.165

mean 0.105

skew.2SE
   0.408

SE.mean CI.mean.0.95

var 0.052

var 0.033

var 0.037

var 0.032

var 0.022

var 0.021

normtest.W
     0.936

std.dev
  0.229

0.682
    skewness

1.076
    skewness

0.630
    skewness

0.072

SE.mean CI.mean.0.95

normtest.p 0.830 -----------------------------------------------------------------------------

skew.2SE
   0.342

kurtosis
  -0.645

kurt.2SE
  -0.242

normtest.W
     0.964

0.058

SE.mean CI.mean.0.95

std.dev
  0.183

normtest.p 0.096 -----------------------------------------------------------------------------

skew.2SE
   0.361

kurtosis
  -1.363

kurt.2SE
  -0.511

normtest.W
     0.869

0.061

SE.mean CI.mean.0.95

std.dev
  0.192

normtest.p 0.857 -----------------------------------------------------------------------------

0.278
    skewness

0.904
    skewness

skew.2SE
  -0.124

kurtosis
  -1.096

kurt.2SE
  -0.411

normtest.W
     0.979

-0.171

: Women
: Control

      median
coef.var

0.100

1.392
    skewness

0.560

0.046

kurtosis
  -0.759

0.105

kurt.2SE
  -0.284

   std.dev
     0.146

normtest.p
     0.512

skew.2SE
   0.019

kurtosis
  -1.443

kurt.2SE
  -0.541

normtest.W
     0.967

skew.2SE
   0.458

kurtosis
  -0.770

kurt.2SE
  -0.289

normtest.W
     0.906

0.056

SE.mean CI.mean.0.95

std.dev
  0.178

normtest.p 0.254 -----------------------------------------------------------------------------

                                                                      std.dev
                                                                        0.149

normtest.p 0.958 -----------------------------------------------------------------------------

0.047

SE.mean CI.mean.0.95

0.164

0.131

0.137

0.127

0.107

> leveneTest(gpa$gpaimpr~gpa$gender, data=gpa,center=mean)

Levene's Test for Homogeneity of Variance (center = mean) Df F value Pr(>F)

group 1 7.09 0.01* 58

---
Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 > leveneTest(gpa$gpaimpr~method, data=gpa,center=mean) Levene's Test for Homogeneity of Variance (center = mean)

      Df F value Pr(>F)
group  2    1.94   0.15

> #running Levene's test for assumption of HOV (INTERACTION EFFECT)
> leveneTest(gpa$gpaimpr, interaction(gpa$gender,gpa$method),center=mean) Levene's Test for Homogeneity of Variance (center = mean)

      Df F value Pr(>F)
group  5    0.57   0.72

Df Sum Sq Mean Sq F value Pr(>F) gender 1 0.020 0.020 0.61 0.43753

method 2 1.174 0.587 17.81 1.1e-06 *** gender:method 2 0.695 0.348 10.54 0.00014 *** Residuals 54 1.780 0.033
---

Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1

gender        0.0055
method        0.3200
gender:method 0.1894

0.011
0.397
0.281

eta.sq eta.sq.part

#selecting only Method1, run ANOVA, then follow-up tests

  Tukey multiple comparisons of means
    95% family-wise confidence level

Fit: aov(formula = gpaimpr ~ gender, data = gpaMethod1)
$`gender`
Women-Men -0.165 -0.3594851  0.02948506    0.0915581

diff        lwr        upr     p adj

#selecting only Method2, run ANOVA, then follow-up tests

  Tukey multiple comparisons of means
    95% family-wise confidence level

Fit: aov(formula = gpaimpr ~ gender, data = gpaMethod2)
$`gender`
Women-Men 0.335 0.161153 0.508847   0.000754

diff      lwr      upr    p adj

aquamarineox434

Opeele Kyinkafa sells different used 2005 GM cars in excellent condition. The value or the retail price (Price) of a car is dependent on a variety of characteristics such as number of miles the car has been driven (Mileage), manufacturer of the car (Make) such as Buick, Cadillac, Chevrolet, Pontiac, SAAB, and Saturn. The car price is also influenced by the body type (Type) such as sedan, convertible, coupe, hatchback and wagon. It is also affected by number of cylinders (Cylinders) in the engine, the engine size (Liter), cruise control which is an indicator variable representing whether the car has cruise control (yes) or no otherwise and Sound indicator representing whether the car has upgraded speakers (yes) or no otherwise. All cars in this data set were less than one year old when priced and considered to be in excellent condition. Determine which major variables are dummies and are dynamic? Identify 3 potential unobserved heterogenous factors in this dataset. Display the full descriptive statistics of the data in R. Why do you think some variables are starred (*)? What is the median for “price”, standard deviation for “mileage”, skewness for “cylinder” and mean for “sound”? Test if “price” is normally distributed using histogram, kernel density plot and the shapiro wilk test. Create a red scatterplot matrix of price, mileage, cylinder, liter, make. From your graph, is the correlation between price & mileage positive or negative? What’s the pearson correlation coefficient between price & mileage and between “cylinder” & “liter” correct to 2 d.p Create a correlation matrix of the dataset by finding the apt R command for converting all string/dummy variables From the matrix, identify 2 potentially good predictors? Identify 3 pairs of variables that are mostly multicollinear. Which 2 pairs of variables are least correlated? Identify 3 pairs of variables most highly correlated with Cylinder Generate a simple regression plot of price on mileage with a re fitted line. Run the whole multiple regression model (label the equation as "regprice") & use it to answer the other questions. Specify the regression model for the whole data keeping the exact names of the variables. Write the estimated regression equation. In one sentence, which variables are significant and which are not? Justify Is the regression model justifiable? Explain Interpret the coefficient of Mileage, MakeCadillac, TypeSedan, Cylinder, & Cruiseyes. Compare the price of a car with 130,000 mileage, 6 cylinders, 3.8 liters, with cruise and sound, was manufactured by Pontiac with a convertible body type with that of the price of a car with four cylinders, 120,000 mileage, 3.8 liters, without cruise nor sound, was manufactured by Cadillac with a hatchback body type. Which factor(s) appears to be causing a comparative difference (if any)? Using only the VIF, which one of the pairs of variables selected to be multicollinear may be deleted? Justify?

aquamarineporpoise659

STA 371G Study Guide - Midterm Guide: Dow Jones Industrial Average, Bachelor Of Business Administration, Percentile

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