H5 - 1 Economic Statistics Econ 321 Homework 5: due Tuesday...

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Unformatted text preview: 1 Economic Statistics Econ 321 Homework 5: due Tuesday June 24 Solve the following problems. Explain your logic and show your steps. 1. The United Nations has conducted a survey of fifty workers in China and found that on average they work for nine hours a day with a standard deviation of four. The Chinese government claims that the average workday is eight hours or less. a. Is the survey enough to doubt the validity of the claim from the Chinese government? b. Make a relevant graph and use it to explain your logic. c. What is the p-value of test? 2. The PG County conducts annual surveys with twenty-five randomly assigned members of the community to evaluate their perception of safety. If the person claims that the criminal activity has not changed when compared with last year his answer receives a score of one hundred. If the persons believes that it has increased x% his answer receives a score of one hundred plus x. If he thinks it has fallen by x% his answer receives a score of one hundred minus x. The surveys have been conducted for many years and the historical average is one of one hundred minus x....
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This note was uploaded on 03/08/2011 for the course ECON 602 taught by Professor Chugh during the Spring '11 term at Johns Hopkins.

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H5 - 1 Economic Statistics Econ 321 Homework 5: due Tuesday...

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