Homework+7

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University of Memphis *

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3604

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Economics

Date

Apr 26, 2024

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docx

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2

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Name starkia Anderson_______________________ Homework 7 1) A researcher is interested in opinions toward the mayor, so she asked 450 respondents to rate his job performance on a scale from 1 (Extremely poor performance) to 7 (Extremely strong performance). Her sample mean is 6.1 and her standard deviation is 2.4. Based on the information she has obtained from her sample, she can be 95% confident that the true population mean falls within what range? (In other words, calculate the 95% confidence interval.) (5 points) Falls within 5.878 and 6.322 2) Men and women were asked to rate the president’s job performance on a scale from 1 (Extremely poor performance) to 7 (Extremely strong performance). Their responses are arrayed below. Test the null hypothesis of no difference between Men’s and Women’s ratings of the president’s performance. What is the difference between means? Can we be 95% confident that this difference is statistically significant? (5 points) Men Women 3 7 1 4 5 4 7 5 1 4 3 3 2 6 4 1 5 7 4 Men Women Mean: 3.44_____________ Mean: 4.5_____________ Variance4.028:___________ Variance:___________3.389 Standard error0.88257:___________ t -score (calculated):__________-1.20 Degrees of freedom:____________17 t -score (book):__________2.110 Answer in words: Difference between means is -1.06. There is not enough data to say that there is any difference between Men’s and Women’s ratings of President Obama’s performance.
Name starkia Anderson_______________________ Homework 7 3) A researcher is interested in how the financial crisis affected inequality in countries around the world. To do this, she compares countries’ GINI coefficient (the standard measure of inequality in a county) in 2007 to their GINI coefficient in 2009. Larger coefficients mean greater inequality. Her data appear below. Interpret her results. Can she be 95% confident that the difference she observes is real and not simply the result of random chance? (5 points) Country 2007 2009 Australia 35.0 35.2 Brazil 57.4 57.2 Chile 57.0 54.2 France 32.7 33.5 Germany 28.2 28.2 Italy 36.0 36.2 Japan 24.9 25.0 Netherlands 30.9 30.6 Sweden 25.1 25.2 United States 40.8 41.0 Mean 2007:_________36.800 Mean 2009:_________36.63 Standard error:___________5.1561 t -score (calculated):__________11.529 Degrees of freedom:____________18 t -score (book):__________0.033 Answer in words: There is not enough evidence to show that the value has changed.
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