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Assignment for Statistical Economics
Assignment for Statistical Economics
Assignment for Statistical Economics
REGISTRATION NUMBER:
YOUR FULL NAME:
10 MARKS
1. Imagine you're conducting a study to analyze the relationship between the number of
hours spent studying and the exam scores obtained by a group of students. You collect
data from 20 students and record their hours studied (independent variable) and exam
scores (dependent variable). The data is as follows:
2. Consider the following contingency table showing the relationship between gender and
preference for a particular brand of soft drink:
3. A company produces three different flavors of ice cream - vanilla, chocolate, and
strawberry. The company claims that these flavors are equally popular among
customers. To test this claim, a random sample of 200 customers was taken, and their
preferences for ice cream flavor were recorded. The observed frequencies are as
follows:
4. Suppose you are a quality control manager at a manufacturing plant producing light
bulbs. The company claims that only 5% of the produced light bulbs are defective. To
test this claim, you randomly select a sample of 200 light bulbs from the production line
and find that 15 of them are defective.
1. State the null and alternative hypotheses for testing the company's claim about the
proportion of defective light bulbs.
2. Calculate the sample proportion of defective light bulbs in the sample.
3. Determine the test statistic for testing the hypothesis.
4. Specify the appropriate distribution for the test statistic.
5. Determine the critical value(s) for the test at a significance level of 0.05.
6. Compare the test statistic to the critical value(s) and decide whether to reject or fail to reject
the null hypothesis.
7. Interpret the decision in the context of the problem.
1. What sample size should the researcher aim for to achieve the desired margin of error and
confidence level?
NOTE: The last question (5) is additional and goes beyond the scope of our syllabus for this
course. However, it can be beneficial for students who are seeking further understanding.
Please consider it for grading, and I will award 2 marks for correctness.