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3.
a) n=25, df = n-1 = 25-1 = 24
For an 95% confidence interval, the bounds will be:
(𝑥̅ ± T(24)0.025 * SE)
2
(1.2 ± 2.0639 * )
√25
(0.37444, 2.02556)
𝑥̅ − 𝐻0 1.2 − 0
t(test) = SE
= 2/5
=3
c)
𝐻0 : g ≥ 0
𝐻𝑎 : g < 0
2
T(test) = (1.2 – 0)/( )=3
√25
Decisions: fail to reject null as 3> -1.711
Therefore there is insufficient evidence at alpha = 0.05 that economic is less than zero.
Therefore, we can be 95% confident that the forecasted economic growth for the next
year will lie between 0.37% and 2.03%, and would it be extremely unlikely for it to be
negative.
4.
a)
n = 90, df = n-1 = 90-1 = 89
For an 95% confidence interval, the bounds will be:
(𝑥̅ ± T(89)0.25 * SE)
19.73
(32.81 ± 1.987 * )
√90
(28.68, 36.94)
𝑥̅ − 𝐻0 32.81 − 35
t(test) = SE
= 19.73/√90
= [-1.05] = 1.05
𝑥̅ − 𝐻0 32.81 − 35
t(test) = SE
= 19.73/√90
= [-1.05] = 1.05
5. a)
𝐻0 : = 196
𝐻𝑎 : ≠ 196
𝑥̅ − 𝐻0 197.9761 − 196
t(test) = SE
= 10.33765/√90
= [] =
b)
𝐻0 : 196
𝐻𝑎 : > 196
c)
𝐻0 : 196
𝐻𝑎 : < 196
d) The CI is given by
𝑥̅ +- se(𝑥̅ ) x t(df)0.05
197.9761 ± 1.09 x t(89)0.05
[196.16, 199.79]
e) 𝐻0 : = 150
𝐻𝑎 : ≠ 150
6 a)
𝐻0 : (1) = (2) => (1) - (2) = 0
𝐻𝑎 : (1) ≠ (2) => (1) - (2) ≠ 0
Therefore there is insufficient evidence to reject the claim low and middle/hig income
countries grow at the same rate.
t(179)0.025 ~ 1.9719
Therefore, we are unable to reject the null hypothesis in favour of the alternative on a
significance level of 5%. In other words, the claim that the average GDP growth of lower
income countries equates to the average GDP growth of higher income countries cannot be
eliminated.
b)
There is sufficient evidence to support the claim low income countries grow faster than
middle/high income countries
C ) There are errors with hypothesis tests, type I and type II errors.
Type I error is rejecting a true null hypothesis
Type II error is not rejecting a false null hypothesis
In a) we could’ve made a Type II error because the null may have been false, and in b) we
could’ve made a Type 1 error where we did reject the null when in fact it may have been
true.
t(179)0.025 ~ 1.9719
Therefore, we are unable to reject the null hypothesis in favour of the alternative on a
significance level of 5%. In other words, the claim that the average GDP growth of lower
income countries equates to the average GDP growth of higher income countries cannot be
eliminated.