Salaries of postgraduates
The Economics of Education Review (Vol. 21,
2002) published a paper on the relationship between education level and
earnings. The date for the research were obtained from the National Adult
Literacy Survey of more than 25,000 respondents. The survey revealed that males
with a postgraduate degree have a mean salary of $61,340 (with standard error Sx̄ = $2,185), while females with a
postgraduate degree have a mean of $32,227 (with standard error Sx̄ = $932).
article reports that a 95% confidence interval for μM, the population mean salary of all males with
postgraduate degree, is ($57,050, $65,631). Based on this interval, is there
evidence to say that μM
differs from $60,000? Explain.
the 5-step process to test the hypothesis that the true mean salary of males
with postgraduate degree differs from $60,000. Use α = .50.
authors of an article within the Journal
of Marketing Research (Dec. 2011) study grocery store shopper’ judgments.
For one part of the study, 11 consumers were told to put their arm in a flex
position (similar to a shopping basket) and then each consumer was offered
several choices between a vice product and a virtue product (e.g., a movie
ticket vs. a shopping coupon, pay later with a larger amount vs. pay now). Based
on these choices, a vice choice score was determined on a scale of 0 to 100
(where higher scores indicate a greater preference for vice options). The data
in the table are (simulated) choice scores for the 11 consumers. Suppose that
the average choice score for consumers with an extended arm position (similar
to pushing a shopping cart) is known to be μ=
50. The researchers theorize that the mean choice score for consumers shopping
with a flexed arm will be higher than 43 (reflecting their higher propensity to
select a vice product.)
the 5-step process, test this hypothesis at α=
markets that conform to organic standards focus on the environmental aspects of
coffee growing, such as the use of shade trees and reduced reliance on chemical
pesticides. A study of organic coffee growers was published in Food Policy (Vol. 36, 2010). In a
representative sample of 845 coffee growers from southern Mexico, 417 growers
were certified to sell to organic coffee markets while 77 growers were
transitioning to become organic certified. In the United States, 60% of coffee
growers are organic certified.
evidence to indicate that fewer than 60% of the coffee growers in southern
Mexico are either organic certified or transitioning to become organic
certified? Use the 5-step process for hypothesis testing and calculate the
probability of a Type I error.
the Psychological Science (August
2011) study of fingerprint identification. The study found that when presented
with prints from the same individual, a fingerprint expert will correctly
identify the match 92% of the time. In contrast, a novice will correctly
identify the match 75% of the time. Consider a sample of five different parts
of fingerprints, where each pair is a match.
is the probability that an expert will correctly identify the match in all five
pairs of fingerprints?
is the probability that a novice will correctly identify the match in all five
pairs of fingerprints?
airlines average about 4.5 fatalities per month (Statistics Abstract of the United States: 2012). Assume the
probability distribution for x, the
number of fatalities per month, can be approximated by a Poisson probability
E (x) and the standard deviation of x.
Below is the data needed for question titled "Judgement"