Use the following situation for Questions 34 – 38. The director of a regional hospital is interested in 50/250 - 69/300 = -0.03 (It would be more common here to take the current proportion - the previouproportion and 35. %he pooled proportion haa value o# &. 0.2'6 . - 0.2'6 ). '.6*5 +. 0.5 (50 " 69$/(250 " 300$ = 0.2'6 36. %he i ntere t o# the dir ector r epree nta &. one tailed tet . t wo tai led tet ). one tail ed or a two ta il 3. %he tet tatitic#or thitet i&. '.6*5 . '.96 ). 0.035 +. - 0.5' 0.230 0.200 ooled proportion 0.2'6* tandard error o# p di##erence 0.0353 %et tatitic -0.5' 3. I# the te t i to be don e wi th an a =.05 t he &. null h1p othei houl d be r ee cted . nul l h1 pot hei critical value = -'.6*5 ince -0.5 4 -'.65 the null h1potheihould not be reected. %he actual reaon hould be that 0.5 '.65 baed on the introduction to the problem. hether 0.5 ipoit ive or ne!ative, the proportionare too c loe to warran t reec tin! th e n 39. 7e!reion anal1iwaapplied betw een demand #or a product (8$ and the price o# the product ($ %he coe##icient o# , -'0, determinethe increae in 8 per unit increae in . %here#ore a 2 unit increae in !ivea 20 unit de creae in 8 . *0. I# there ia ver1 tron! correlation between two variable, then the coe##icient o# correlat ion mut b +. one o# thee a lternativeicorrect. *'. 7e! rei on anal1 iwa applie d between ale( in <'000$ a nd adver tii n! (in <'0 0$ and the #ol lowi &dvertiin! i'0,000 implie='00 8 = 500 "*('00$ = 900 8 = 900 implieale= <900,000 e the #ollowin! ituation #or >uetion*2 ? *6. 8ou are !iven the #ollowin! in#ormation about 1 and ;. *2. %he leat :uareetimate o# b' e:ual&. -0.6*. -0.'3 ). 2'.* +. '6.*'2 %he wa1 the :uetion #ormattin! watran#erred it iunclear 1 ; which valueare #or ; and 1 o make ure m1 chart icorrect. 5 '5 '2 9 '0 n = * '' um 32 ** b' = (326 - (32$(**$/*$/(5'- **A2/*$ = *3. %he leat :uareetimate o# b0 e:ual&. -0.6*. -'.3 ). ' 6*.' '6 +. '6.*''6 b0 = ('/*$(32-(-0.6*$(**$$ = **. %he ample correlation coe##icient e:ual&. -6.66. -0.9905 ). 0.99*' +. 0.9905 Interet in increaseimplieone-tailed tet. p etimate
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