Brandon Sorenson

MGT 217- T&TH 9:30

Assignment #1

PROBLEM #1

A)

Descriptive Statistics: ebook$

Variable N N* Minimum Q1 Median Q3 Maximum

ebook$ 20 0 34.72 79.11 93.76 103.21 113.27

Descriptive Statistics: amazon$

Variable N N* Minimum Q1 Median Q3 Maximum

amazon$ 20 0 51.14 117.02 136.38 157.57 259.15

B)
One-Sample T: ebook$

Variable N Mean StDev SE Mean 99% CI

ebook$ 20 88.91 19.48 4.36 (76.45, 101.37)

With 99% confidence we can say that the prices of the eBooks’ are between $76.45 and $101.37 or
76.45≤μ≤101.37.

C)

Hypothesis Testing

2-Sample T-test
1) H0: σe=σa

H1: σe≠σa
2) Leven’s Test
3) α=.05
4) If P-value < α Reject H0
If P-value ≥ α do not reject H0
 Brandon Sorenson
MGT 217- T&TH 9:30
Assignment #1

5)
Test for Equal Variances: ebook$, amazon$

95% Bonferroni confidence intervals for standard deviations

N Lower StDev Upper

ebook$ 20 14.2716 19.4800 30.1803
amazon$ 20 31.0274 42.3508 65.6139

Levene's Test (Any Continuous Distribution)

Test statistic = 3.68, p-value = 0.062

6) Since P-value = .062 > .05 we do not reject H0

7) Since we do not reject H0 we do a 2 sample t-test without equal variances.

2-Sample T-test
1) H0: µe=µa

H1: µe≠µa
2) 2-Sample T-test
3) α=.05
4) If P-value < α Reject H0
If P-value ≥ α do not reject H0

5)
Two-Sample T-Test and CI: ebook$, amazon$

Two-sample T for ebook$ vs amazon$

N Mean StDev SE Mean

ebook$ 20 88.9 19.5 4.4
amazon$ 20 140.6 42.4 9.5

Difference = mu (ebook$) - mu (amazon$)

Estimate for difference: -51.7
95% CI for difference: (-72.8, -30.6)
T-Test of difference = 0 (vs not =): T-Value = -4.96 P-Value = 0.000 DF = 38
Both use Pooled StDev = 32.9625

6) Since P-value = .000 > .05 we reject H0

7) There is sufficient evidence to say that there is a difference in the price of e-books
and the price of hardcover books on Amazon.
 Brandon Sorenson
MGT 217- T&TH 9:30
Assignment #1

PROBLEM #2

Pie Chart of Major

C ategory
Business/Commerce
Social Science Engineering
16.7% Humanities
Science
Social Science

Science
6.3%

Humanities Business/C ommerce

5.4%
52.7%

Engineering
18.8%

The majority of candidates who took the GMAT came from the Business/Commerce field which
represented over half of our proportion. With 47.3% coming from the other four majors.
 Brandon Sorenson
MGT 217- T&TH 9:30
Assignment #1

Average Total GMAT Scores

For Selected States
600

500
Mean of 2004-2005

400

300

200

100

0
Colorado Idaho Montana Nevada Oregon Utah Washington Wyoming
State

Average Total GMAT Scores

For Selected States
600

500
Mean of 2008-2009

400

300

200

100

0
Colorado Idaho Montana Nevada Oregon Utah Washington Wyoming
State

The Average Total GMAT Scores seem to have stayed consistent over the years with a few
fluctuations in some states.