Eva invested $10,000 in a savings account. If the interest rate is 3.5%, how much will be in the account in 10 years by

To evaluate the effect of a treatment, a sample is obtained from a population, with a mean of u = 30, and the treatment is admin

Murrr4er [49]

Answer:

a) $t=\frac{31.3-30}{\frac{3}{\sqrt{16}}}=1.733$

$p_v =2*P(t_{15}>1.733)=0.104$

If we compare the p value and the significance level given $\alpha=0.05$ we see that $p_v>\alpha$ so we can conclude that we have enough evidence to FAIL to reject the null hypothesis, so we can conclude that the we don't have a significant effect for the new treatment at 5% of significance.

b) $t=\frac{31.3-30}{\frac{3}{\sqrt{36}}}=2.6$

$p_v =2*P(t_{15}>2.6)=0.0201$

If we compare the p value and the significance level given $\alpha=0.05$ we see that $p_v$ so we can conclude that we have enough evidence to reject the null hypothesis, so we can conclude that the we have a significant effect for the new treatment at 5% of significance.

c) When we increase the sample size we increse the probability of rejection of the null hypothesis since the z score tend to increase when the sample size increase.

Step-by-step explanation:

Data given and notation

Part a: If the sample consists of n=16 individuals, are the data sufficient to conclude that the treatment has a significant effect using a two-tailed test with alpha = 0.05.

$\bar X=31.3$ represent the sample mean

$s=3$ represent the sample standard deviation

$n=16$ sample size

$\mu_o =30$ represent the value that we want to test

$\alpha=0.05$ represent the significance level for the hypothesis test.

t would represent the statistic (variable of interest)

$p_v$ represent the p value for the test (variable of interest)

State the null and alternative hypotheses.

We need to conduct a hypothesis in order to check if the mean is different from 30, the system of hypothesis are :

Null hypothesis: $\mu = 30$

Alternative hypothesis: $\mu \neq 30$

Since we don't know the population deviation, is better apply a z test to compare the actual mean to the reference value, and the statistic is given by:

$t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}}$ (1)

t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".

Calculate the statistic

We can replace in formula (1) the info given like this:

$t=\frac{31.3-30}{\frac{3}{\sqrt{16}}}=1.733$

P-value

First w eneed to find the degrees of freedom given by:

$df=n-1=16-1 =15$

Since is a two-sided test the p value would given by:

$p_v =2*P(t_{15}>1.733)=0.104$

Conclusion

If we compare the p value and the significance level given $\alpha=0.05$ we see that $p_v>\alpha$ so we can conclude that we have enough evidence to FAIL to reject the null hypothesis, so we can conclude that the we don't have a significant effect for the new treatment at 5% of significance.

Part b: If the sample consists of n=36 individuals, are the data sufficient to conclude that the treatment has a significant effect using a two-tailed test with alpha = 0.05.

Calculate the statistic

We can replace in formula (1) the info given like this:

$t=\frac{31.3-30}{\frac{3}{\sqrt{36}}}=2.6$

P-value

First w eneed to find the degrees of freedom given by:

$df=n-1=16-1 =15$

Since is a two-sided test the p value would given by:

$p_v =2*P(t_{15}>2.6)=0.0201$

Conclusion

If we compare the p value and the significance level given $\alpha=0.05$ we see that $p_v$ so we can conclude that we have enough evidence to reject the null hypothesis, so we can conclude that the we have a significant effect for the new treatment at 5% of significance.

Part c; Comparing your answer for parts a and b, how does the size of the sample influence the outcome of a hypothesis test

When we increase the sample size we increse the probability of rejection of the null hypothesis since the z score tend to increase when the sample size increase.

5 0

3 years ago

Ok I don't get this at all

Anuta_ua [19.1K]

Answer:

Step-by-step explanation

6 0

3 years ago

Read 2 more answers

Which expression would be easier to simplify if you use the associative property to change the grouping?

Alex

The answer is D because it’s more simple