Managerial Statistics

Final Examination
Managerial Statistics
Instruction: Answer the following worded-problem with complete solution.
1. The table shows the results of recent study regarding gender of individuals and their selected field of
study.
Field of Study Male Female Total

Medicine 80 40 120
Business 60 20 80
Engineering 160 40 200
Total 300 100 400
We want to determine if the selected field of study is independent of gender.

a. Compute the test statistic.
The test statisitic is chisquare = 7.11
b. Using the p-value approach at 90% confidence, test to see if the field of study is independent of
gender.
Ho: the field of study is independent of gender. (i.e. null hypothesis)
Ha: the field of study is not independent of gender. (i.e. alternative hypothesis)
The p-value of chisquare test is 0.0286
Since the p-value is less than 0.1, we reject Ho.
So we can not conclude thatthe field of study is independent of gender.
c. Using the critical method approach at 90% confidence, test for the independence of major and
gender.
Ho: the field of study is independent of gender. (i.e. null hypothesis)
Ha: the field of study is not independent of gender. (i.e. alternative
hypothesis)
The test statisitc is chisquare = 7.11
Given a=0.1, the critical value of chisquare with 0.9 and df=2 is 4.61 (from chisquare table)
Since 7.11 is larger than 4.61, we reject Ho.
So we can not conclude that
the field of study is independent of gender.
2. The marketing department of a company has designed three different boxes for its product. It wants
to determine which box will produce the largest amount of sales. Each box will be test marketed in five
different stores for a period of a month. Below you are given the information on sales.
Store 1 Store 2 Store 3 Store 4 Store 5

Box 1 210 230 190 180 190
Box 2 195 170 200 190 193
Box 3 295 275 290 275 265
a. State the null and alternative hypotheses.

Null hypothesis , Ho:μ1 = μ2 = μ3
Alternative Hypothesis , Ha: atleast one mean is different in the hypothesis
b. Construct an ANOVA table.
c. What conclusion do you draw?

Rejected the null hypothesis Ho p-value is less than 0.01 (almost zero of course) at least one mean is
different from the others in this hypothesis .Therefore , critical F-value is 8.65
d. Use Fisher's LSD procedure and determine which mean (if any) is different from the others. Let α
= 0.01.
LSD value : 33.73 the mean box 3 is different from others in the null hypothesis.
3. Below you are given ages that were obtained by taking a random sample of 9 undergraduate
students. Assume the population has a normal distribution.
19 22 23 19 21 22 19 23 21
a. What is the point estimate of µ?
b. Construct a 99% confidence interval for the average age of undergraduate students.
c. Construct a 98% confidence interval for the average age of undergraduate students.
d. Discuss why the 98% and 99% confidence intervals are different.
4. In order to determine the average weight of carry-on luggage by passengers in airplanes, a sample of
16 pieces of carry-on luggage was weighed. The average weight was 20 pounds. Assume that we know
the standard deviation of the population to be 8 pounds.
a. Determine a 97% confidence interval estimate for the mean weight of the carry-on luggage.
b. Determine a 95% confidence interval estimate for the mean weight of the carry-on luggage.
5. Consider the following hypothesis test:
H0: µ ≥ 14
Ha: µ < 14
A sample of 64 provides a sample mean of 13 and a sample standard deviation of 4.

a. Determine the standard error of the mean.
b. Compute the value of the test statistic.
c. Determine the p-value; and at 95% confidence, test the above hypotheses.
6. You are given the following information obtained from a random sample of 5 observations. Assume
the population has a normal distribution.
20 18 17 22 18
You want to determine whether or not the mean of the population from which this sample was taken is
significantly less than 21.
a. State the null and the alternative hypotheses.
The null is H 0 : 21 and the a alternative hypotheses is
H a: < 21
b. Compute the standard error of the mean.
c. Determine the test statistic.
d. Determine the p-value and at 90% confidence, test whether or not the mean of the population
is significantly less than 21.
7. Consider the following hypothesis test:
µ1 - µ2 ≤ 0
µ1 - µ2 > 0
The following results are for two independent samples taken from two populations.
Sample 1 Sample 2
Sample Size 35 37
Sample Mean 43 37
Sample Variance 140 170
a. Determine the degrees of freedom for the t distribution.
b. Compute the test statistic.
c. What is your decision based on α = 0.05?

P-value is 0.0222 which is less
Than α = 0.05. Reject Ho.
8. The daily production rates for a sample of factory workers before and after a training program are
shown below. Let d = After - Before.
Worker Before After

1 6 9
2 10 12
3 9 10
4 8 11
5 7 9
We want to determine if the training program was effective.
a. Give the hypotheses for this problem.
b. Compute the test statistic.
c. At 95% confidence, test the hypotheses. That is, did the training program actually increase the
production rates?
9. We are interested in determining whether or not the variances of the starting salaries of accounting
majors are significantly different from management majors. The following information was gathered
from two samples.
Accounting Management
Sample Size 21 18
Average Monthly Income Php3,600 Php3,500
Sample Variance Php 900 Php 400
At 90% confidence, test to determine whether or not the variances are equal.
10. You are given the following data regarding a sample.
X
16
12
21
10
13
18
a. Compute the mean and the variance.
b. Using the critical value approach, test to determine if the variance of the population from which
this sample is taken is significantly more than 12. Let α = 0.05.
11. In order to determine the average weight of carry-on luggage by passengers in airplanes, a sample of
16 pieces of carry-on luggage was weighed. The average weight was 20 pounds. Assume that we know
the standard deviation of the population to be 8 pounds.
a. Determine a 97% confidence interval estimate for the mean weight of the carry-on luggage.
c. Determine a 95% confidence interval estimate for the mean weight of the carry-on luggage.
12. A major automobile manufacturer claimed that the frequencies of repairs on all five models of its
cars are the same. A sample of 200 repair services showed the following frequencies on the various
makes of cars.
Model of Car Frequency

A 32
B 45
C 43
D 34
E 46
At α = 0.05, test the manufacturer's claim.

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Final Examination

Instruction: Answer the following worded-problem with complete solution.

Field of Study Male Female Total

We want to determine if the selected field of study is independent of gender.

The test statisitic is chisquare = 7.11

Store 1 Store 2 Store 3 Store 4 Store 5

a. State the null and alternative hypotheses.

b. Construct an ANOVA table.

c. What conclusion do you draw?

a. What is the point estimate of µ?

5. Consider the following hypothesis test:

A sample of 64 provides a sample mean of 13 and a sample standard deviation of 4.

b. Compute the value of the test statistic.

b. Compute the standard error of the mean.

c. Determine the test statistic.

7. Consider the following hypothesis test:

a. Determine the degrees of freedom for the t distribution.

b. Compute the test statistic.

c. What is your decision based on α = 0.05?

Worker Before After

b. Compute the test statistic.

10. You are given the following data regarding a sample.

a. Compute the mean and the variance.

Model of Car Frequency

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