Homework___21b_Data_Analysis[1]

Homework___21b_Data_Analysis[1] - BryanRedd...

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Bryan Redd Homework # 21 . Problem 1. An inspector for the Atlantic City Gaming Commission suspects that a particular blackjack dealer may be cheating (in favor of the casino) when he deals at expensive tables. To test her belief, she observed 500 hands at the $100-limit table and the $3,000-limit table. For each hand, she recorded whether the dealer won (code = 2) or lost (code = 1). Can the inspector conclude at the alpha level of 0.10 that the dealer is cheating at the more expensive table? That is, can we infer at the alpha level of 0.10 that the dealer is winning more hands at a more expensive table? The output, and not the data itself, is stored in the attached file (homework_21_data.xls, use "problem 1 output" sheet). Note: this is a new problem and it is my admonition to solve it using decision tree and paying particular attention as to whether the variable of interest is nominal or interval. If, F-test is applicable, then for the F-test use alpha of 0.1 also. a. Who is the researcher? An Inspector from Atlantic City Gaming Commission b. What is/are the population(s)? Expensive Black Jack Tables c. What is the variable of interest? Wins and Losses d. Of what type (i.e., either nominal or interval) is the variable of interest? Nominal e. Are the samples related or are they independent? Why? Related because she was comparing the outcomes between. two blackjack tables f. What is the population parameter (i.e., either proportion or the mean) of interest? Proportion g. State clearly in symbols both H 0 and H a . (Please make sure and look at the data before you state the hypotheses, and remember that if this is a related samples problem, the Excel subtracts the variable2 range from the variable 1 range. In other words, the column of data that you would specify for variable 2 range will be subtracted from the column you would specify for the variable 1 range). Ho: P2 ≤ P1 Ha: P2 > P1 h. Is H a two-tailed, lower-tailed, or upper-tailed? Upper-tailed
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i. Is it required to run an F-test? Explain! If the answer is yes, go ahead and run the F-test and interpret the results! No, because there are not two constant hypothesis. j. What is t-test or t-stat or z-test or z-stat?
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Homework___21b_Data_Analysis[1] - BryanRedd...

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