Basic Business Statistics, Student Value Edition
14th Edition
ISBN: 9780134685113
Author: Mark L. Berenson, David M. Levine, David F. Stephan, Kathryn Szabat
Publisher: PEARSON
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Chapter 12, Problem 33PS
From Problem 12.32 , at the 0.05 level of significance determine the lower-tail critical value for the Wilcoxon rank sum test statistic,
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The two-tank system of Problem 19 in Section 7.1 leads to the initial value problem
x′=(−110340110−15)x,x(0)=(−17−21),x′=−110340110−15x,x0=−17−21,
where x1 and x2 are the deviations of the salt levels Q1 and Q2 from their respective equilibria.Plot x1 versus t and x2 versus t on the same set of axes.
) In estimating the regression in problem #2, you are also concerned that the t-statistics may be inflated because of the presence of conditional heteroscedasticity. You conduct a regression of the squared residuals against the dummy variables X1, X2, and X3 and find that for the squared residuals regression:
Multiple R
0.4145
R Square
0.1718
Adjusted R Square
0.1600
SEE
92.3760
Conduct a test at the level to see if conditional heteroskedasticity is present
In view of your answer for a), what needs to be done?
In estimating the regression in problem #2, you are also concerned that the t-statistics may be inflated because of the presence of conditional heteroscedasticity. You conduct a regression of the squared residuals against the dummy variables X1, X2, and X3 and find that for the squared residuals regression:
Multiple R
0.4145
R Square
0.1718
Adjusted R Square
0.1600
SEE
92.3760
Conduct a test at the level to see if conditional heteroskedasticity is present
Chapter 12 Solutions
Basic Business Statistics, Student Value Edition
Ch. 12 - Determine the critical value of 2 with 1 degree of...Ch. 12 - Determine the critical value of 2 with 1 degree of...Ch. 12 - Use the following contingency table: a. Compute...Ch. 12 - Use the following contingency table: a. Compare...Ch. 12 - An lpsos poll asked 1,004 adults “If purchasing...Ch. 12 - Prob. 6PSCh. 12 - Prob. 7PSCh. 12 - The Society for Human Resource Management (SHRM)...Ch. 12 - What Social media tools do marketers commonly use?...Ch. 12 - Docs co-browsing have positive effects on the...
Ch. 12 - Consider a contingency table, with two rows and...Ch. 12 - Use the following contingency table: a. Compute...Ch. 12 - Use the following contingency table: a. Compute...Ch. 12 - How common are financial cost or contractual...Ch. 12 - Business sensor technology provides a way for...Ch. 12 - Prob. 16PSCh. 12 - Repeat (a) and (b) of Problem 12.16, assuming that...Ch. 12 - Prob. 18PSCh. 12 - The MSCI 2016 Survey of Women of Boards Survey...Ch. 12 - Prob. 20PSCh. 12 - Prob. 21PSCh. 12 - Prob. 22PSCh. 12 - A Gallup survey across generations of workers...Ch. 12 - How often do Facebook users post? A study by the...Ch. 12 - What makes sales leaders tick? Mercuri...Ch. 12 - PwC takes a closer look at what CEOs are looking...Ch. 12 - Using Table E.6, determine the lower-and...Ch. 12 - Using Table E.6, determine the lower-tail critical...Ch. 12 - Prob. 29PSCh. 12 - Prob. 30PSCh. 12 - Prob. 31PSCh. 12 - Prob. 32PSCh. 12 - From Problem 12.32 , at the 0.05 level of...Ch. 12 - In Problems 12.32 and 12.33, what is your...Ch. 12 - A vice president for marketing recruits 20 college...Ch. 12 - Prob. 36PSCh. 12 - Is there a difference in the satisfaction rating...Ch. 12 - The management of a hotel has the business...Ch. 12 - Prob. 39PSCh. 12 - Brand valuations are critical to CEOs, financial...Ch. 12 - A bank with a branch located in a commercial...Ch. 12 - Prob. 42PSCh. 12 - Prob. 43PSCh. 12 - Prob. 44PSCh. 12 - A pet food company has the business objective of...Ch. 12 - A hospital conducted a study of the waiting time...Ch. 12 - Prob. 47PSCh. 12 - An advertising agency has been hired by a...Ch. 12 - Prob. 49PSCh. 12 - The more costly and time consuming it is to export...Ch. 12 - Prob. 51PSCh. 12 - Prob. 52PSCh. 12 - Prob. 53PSCh. 12 - Prob. 54PSCh. 12 - Prob. 55PSCh. 12 - Prob. 56PSCh. 12 - Prob. 57PSCh. 12 - Prob. 58PSCh. 12 - Prob. 59PS
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- ) In estimating the regression in problem #2, you are also concerned that the t-statistics may be inflated because of the presence of conditional heteroscedasticity. You conduct a regression of the squared residuals against the dummy variables X1, X2, and X3 and find that for the squared residuals regression: Multiple R 0.4145 R Square 0.1718 Adjusted R Square 0.1600 SEE 92.3760 Conduct a test at the level to see if conditional heteroskedasticity is present and from your results, what needs to be done?arrow_forwardM1= 37 SS1=360 n1=11 M2= 43 SS2=576 n2=10 Assume two failed test and alpha= .05 What is the critical value?arrow_forwardWhen testing: H0: (alpha)1^2=(alpha)2^2. HA: (alpha)1^2>(alpha)2^2. At (alpha)=0.01, n1=5, n2=6. s1^2=15750 and s2^2=10920, what critical value do we use?arrow_forward
- ) In estimating the regression in problem #2, you are also concerned that the t-statistics may be inflated because of the presence of conditional heteroscedasticity. There are 214 observations and 3 independent variables. You conduct a regression of the squared residuals against the dummy variables X1, X2, and X3 and find that for the squared residuals regression: Multiple R 0.4145 R Square 0.1718 Adjusted R Square 0.1600 SEE 92.3760 Conduct a Breusch–Pagan test at the 0.05 level to see if conditional heteroskedasticity is present and from your results, what needs to be done?arrow_forwardQUESTION 23 Assuming all other factors are held constant, if the df value for a two-tailed t-test with α = .05 were increased from df = 6 to df = 20, what would happen to the critical values for t? a. The critical values would further from t = 0. b. The critical values would not change. c. The critical values would move closer to t = 0. d. This is impossible to determine without more information.arrow_forwardYou are considering an investment in Justus Corporation's stock, which is expected to pay a dividend of $1.75 a share at the end of the year (D1 = $1.75) and has a beta of 0.9. The risk-free rate is 5.4%, and the market risk premium is 6%. Justus currently sells for $21.00 a share, and its dividend is expected to grow at some constant rate, g. Assuming the market is in equilibrium, what does the market believe will be the stock price at the end of 3 years? (That is, what is ?) Do not round intermediate calculations. Round your answer to the nearest cent.arrow_forward
- Find the critical values of Z for a two tail test at alpha α = 0.01 LOS.arrow_forwardSuppose your dependent variable is aggregate household demand for electricity for various cities. To correct for heteroskedasticity you should Select one: a. multiply observations by the square root of the city size b. multiply observations by the city size c. divide observations by the city size d. divide observations by the square root of the city size e. none of thesearrow_forwardQUESTION 5 The decision rule for a Wilcoxon signed-rank test is always to reject H0 if W is greater than or equal to the critical value. True Falsearrow_forward
- How will you choose between following non-nested competing models:- Md=Beta lag (0)+ beta lag(1) Y+ V and Md= alpha lag(0) + alpha lag(1) i+ Uarrow_forwardConsider the following initial-value problem.arrow_forwardSolve An article in the ASCE Journal of Energy Engineering (1999, Vol. 125, pp.59-75) describes a study of the thermal inertia properties of autoclaved aerated concrete used as a building material. Five samples of the material were tested in a structure, and the average interior temperatures (°C) reported were as follows: 23.01, 22.22, 22.04, 22.62, and 22.59. Test that the average interior temperature is equal to 22.5°C using alpha (a) = 0.05. 1.)This problem is a test on what population parameter? a.Variance/ Standard Deviation b.Mean c.Population Proportion d.None of the above 2.)What is the null and alternative 3 points hypothesis? a.Ho / (theta = 22.5) , Ha: (0 # 22.5) b.Ho / (theta > 22.5) , Ha: (0 # 22.5) c.Ho / (theta < 22.5) , Ha: (theta >= 22.5) d.None of the above 3.)What are the Significance level 3 points and type of test? alpha = 0.05 two-tailed alpha = 0.95 two-tailed alpha = 0.95 one-tailed None of the above 4.)What standardized test statistic will…arrow_forward
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