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BUAN6359-Fall2024 HW3

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7 views3 pages

BUAN6359-Fall2024 HW3

Uploaded by

nishanthdunna07
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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OPRE 6359- Advanced Statistics for Data Science Homework 3

BUAN/OPRE 6359, Fall 2024

HOMEWORK 3

This is an individual homework assignment (i.e., you must work on your own).

This homework assignment is due Nov 4th, 2024 by 6:00 p.m. (PLEASE NOTE THE
TIME! All references to time are according to US Central Time.) Your solutions
must be typed, and the pdf file must be submitted through e-learning (if you have
multiple files such as appendices, they must be merged with the main text, and one
file must submitted.)

You will not have a chance to overwrite your homework submission. Please be
careful to upload the latest version of your work. Any submission through e-mail to
overwrite a wrong document, which has already been submitted on e-learning, will
not be accepted. Please read the late submission policy in the syllabus.

You should present your solutions step by step. Computer generated outputs such
as charts, R outputs must be copied into the text file. Your homework solution
must include a cover page with the following minimum information: First name, last
name, Net-ID, section number.

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OPRE 6359- Advanced Statistics for Data Science Homework 3

Question 1 (25 points)

In an attempt to assess total daily travel taxes in various cities, the Global
Business Travel Association conducted a study of daily travel taxes on lodging,
rental car, and meals. The data contained in the file TravelTax.xls are consistent
with the findings of that study for business travel to Chicago. Assume the
population standard deviation is known to be $8.50 and develop a 95% confidence
interval of the population mean total daily travel taxes for Chicago.

Question 2 (25 points)

Suppose that a cable television company would like to estimate the proportion p of
households in Orlando who own two or more television sets. The company has polled
100 households in Orlando and has found that 70 of the 100 households own two or
more television sets. Find a 95% two-sided confidence interval for the proportion
of households in Orlando who own two or more television sets?

Question 3

Consider the following hypotheses:

H0: µ  400, Ha: µ  400

Given that s=100, n=1000, , =0.05,

a) (5 points) Calculate the value of the test statistic.

b) (5 points) Write a mathematical expression for the rejection region.

c) (5 points) Determine the p-value.

d) (5 points) Interpret the result.

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OPRE 6359- Advanced Statistics for Data Science Homework 3

Question 4 (30 points)

At two different branches of a department store, pollsters randomly sampled 80


customers at store 1 and 70 customers at store 2, all on the same day. At store 1,
the average amount purchased was $54.25 per customer with a sample standard
deviation $20.25. At store 2, the average amount purchased was $49.15 with a
sample standard deviation of $19.35. Which one of the following is a 90%
confidence interval for the mean amount purchased per customer visiting store 1
minus the mean amount purchased per customer visiting store 2.

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