STAT 2023, Assignment 16, Some random exam questions, Lesson 15, t-hypothesis tests estimated with Z tests, & Introduction to Lesson 16, Inferences on Proportions Part One: Some random past exam questions –all of these questions can be found on page two of past third exams. 1. A sample of 196 stocks in a personal portfolio had an average return of 8.2% since the end of the fiscal year and a standard deviation of 1.4%. Based on this sample of 196 stocks what is a 95% confidence interval to estimate the mean return of the population of stocks from which this sample was drawn? State the limits on your interval with three digits past the decimal. 2. Assume a 99% confidence interval to estimate the mean cost of a semester of full-time college at Oklahoma State University is ($4,800, $5,600). What is the numerical value of the point estimate for the mean cost of a semester of full-time college at Oklahoma State University? 3. If the test statistic in a two tail z hypothesis test is –1.85, what is the p-value for the test? 4. If the rejection rule for a right tail z test is to reject the null hypothesis if the test statistic is more than the value 1.96, what is the significance level of the hypothesis test? 5. What is the absolute value of the test statistic if the p-value in a two-tail hypothesis test based on a large sample is equal to 0.1052? State a positive value. 6. If the sum of the data values from a sample with 300 observations is 6,600, what is the numerical value of the point estimate for the mean of the population from which the sample was drawn? 7. If a researcher knows that the t-test statistic in a left tail hypothesis test based on a sample of 20 observations is equal to the value -3.4, then the p-value of the test would be less than what amount? 8. What is the p-value of a left-tail hypothesis test based on a large sample if the test statistic value is -1.58? 9. If a 90% confidence interval to estimate a population mean is (54.7, 68.3) what is the value of the point estimate for the population mean? 10. What is the value of the test statistic if the p-value in a left-tail hypothesis test based on a large sample is equal to 0.0116? 11. If a 95% confidence interval based on a large sample to estimate a population mean is (787.42, 838.38) then what is the value of the standard error of the point estimate for the population mean? 12. If a random sample of 5 observations has been selected with value 4, 2, 2, 3, and 4. What is the numerical value of the point estimate for the population mean? 13. If a random sample of 5 observations has been selected with value 4, 2, 2, 3, and 4. What is the numerical value of the point estimate for the population variance? 14. How many observations are needed in order to produce a 95% confidence interval to estimate the mean adult female coyote weight to within 0.75 pounds? Assume the standard deviation of the weights for adult female coyotes is 2.2 pounds. 15. What is the critical value or rejection point associated with a 10% alpha value in a right-tail hypothesis test based on a sample with 10 observations? Part Two: Estimating t-tests with Z tests An advertiser on the web is interested in estimating the mean number of links that a customer would use from a certain web site. Assume that a random sample of 676 customer visits to a certain web site was examined. The number of links used from the web site for these 676 customers is equal to 4.8 links with a standard deviation of 2.6 links. Use this information to answer the questions below. 16. What is the point estimate for the mean number of links used from the web site? 17. What is the estimated standard error for the point estimate for the mean number of links used from the web site? 18. Assume that the estimated standard error of the point estimate for the mean number of links used from the web site is 0.12. What is the numerical value of the bound of error for a 95% confidence interval to estimate the mean number of links used from the web site? State four digits past the decimal. 19. If the estimated standard error for the point estimate for the mean number of links used from the web site is 0.12 what is the numerical value of the test statistic to test whether the mean number of links used from the web site is 5.1 links? 20. Assume the test statistic value is -2.5 and that the research question is, “Do the data provide evidence that the mean number of links used from the website differs from 5.1?” What is the resulting p-value in the hypothesis test if the tdistribution with 675 degree of freedom is estimated with a Z distribution? 21. Assume the resulting p-value is 0.012. Complete the following sentences. 22. If the null hypothesis that the mean number of links used from this website is equal to 5.1 is rejected, then the chance of error in that case is __________ . 23. If you decide to reject Ho based on these data then the chance you are wrong is __________. 24. At the 1% significance level the null hypothesis _______________ (would or would not?) be rejected since the p-value of the test is 0.012 which exceeds _________ . 25. At the 5% significance level the null hypothesis _______________ (would or would not?) be rejected since the p-value of the test is 0.012 which is less than ___________ . Part Three: Reading and Studying 26. Read and Study Lesson 16. Write four sentence summary of Lesson 16 in your own words.