Main
Module 4 |
Learning Objectives |
At the end of the module, the student will:
· Appropriate hypothesis test for the difference between two means based on samples drawn from independent populations. · Hypothesis test for the difference between two variances based on samples drawn from independent populations. · Hypothesis test for the difference between two means based on samples drawn from related populations.
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The following sub modules contain summary notes for the six content topic areas of Module 4.
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Assignment 4 - Part 1 (see Module 5 for Part 2) |
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1. Reference the data in the Table of
Product Ratings. These are product ratings from randomly selected test market
participants using a new product after viewing five different product
advertisements. For example, the new product was rated a 15 by the first
participant viewing Advertisement A. The rating scale is numeric with a range
of 0 to 20, 20 being the most favorable rating. Using Microsoft Excel for the analysis, a. Enter the data in a new spreadsheet. b. Select, perform and interpret the appropriate t-test for the difference between two means. Compare the sample in Column E in the Table of Product Ratings for Five Advertisements against the sample of New Data (from high school students). Hint: run an F-test for differences between two variances to determine which t-test to use. State your conclusion. c. Perform and interpret the one-way
ANOVA for differences in multiple means using the data in the table of
Product Ratings for Five Advertisements (exclude New Data from this
test). State your conclusion. d. If you determine that there is a significant difference in the five means (step c), use the Bonferroni Multiple Comparison Procedure to determine which pairs of means are different. State your conclusion. e. Show all your work on a spreadsheet file. Table of Product Ratings
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2. The
manager of the Tammy Corporation wants to determine whether or not the type
of work schedule for her employees has any effect on their productivity. She has selected 15 production employees at
random and then randomly assigned 5 employees to each of the 3 proposed work
schedules. The following table shows
the units of production (per week) under each of the work schedules.
State
the hypotheses and determine if there is a significant difference in the mean
weekly units of production for the three types of work schedules at 0.05 level of significance. 3. In
computing the standard of living index, commuting time represents a heavy weight
in determining the desirability of the city or community. If two cities have the same commuting time
to drive to work, then the weight in the index is the same for both
cities/communities. Random samples of
commuters are taken from two cities.
The following data represents the time (in minutes) to drive to
work. Use Excel to determine whether
the average commuting times are significantly different between the two
cities. Use α = .05.
4. The
daily production rates for a sample of banking processing facility workers
before and after a training program are shown below.
At
a .05 level of significance, use Excel to test to see if the training program
was effective. That is, did the
training program actually increase the production rates? Practice
problems: You
may want to solve these problems related to Module 4 in this link. The solution is included. Optional Text Reading |
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Anderson, D., Sweeney, D.,
& Williams, T. (2007). Essentials of Modern Business Statistics with
Microsoft Excel. Cincinnati, OH: South-Western, Chapter 10 & 11 Lind,
D., Marchal, W., and Wathen, S., Statistical Techniques in Business and
Economics, 12th edition, McGraw-Hill-Irwin. Chapter 10. Ken
Black. Business Statistics for Contemporary Decision Making. Fourth
Edition, Wiley. Chapter 10 & 11 Groebner, D., Shannon, P., Fry, P., and Smith, K. Business Statistics Fifth Edition, Prentice Hall, Chapter 10 |