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SYM 506 Week 5 Discussion 1 & 2

SYM 506 Week 5 Discussion 1 & 2

SYM 506 Week 5 Discussion 1 & 2

Week 5 Discussion 1

Your mayor just announced that the local unemployment rate dropped last month from the prior month. It went from 10.5% to 10.4%. Is this a significant drop? Explain.

Week 5 Discussion 2

Give an example of a situation in which you believe a Type I Error is more serious than a Type II Error. Give an example of a situation in which you believe a Type II Error is more serious than a Type I Error. In each case, why do you think so?

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SYM 506 Week 5 Confidence Intervals

Details:
Create confidence intervals related to the interval and ratio-level data you collected.

  1. What is the best estimate of the population mean
  2. Develop a 95% confidence interval for the population mean. Develop a 90% confidence interval for the population mean. Develop a 98% confidence interval for the population mean.
  3. Interpret the confidence interval.

Create an individual Excel document for each of the required items.

APA format is not required, but solid academic writing is expected.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are not required to submit this assignment to LopesWrite.

SYM 506 Week 6 Chapter 11 Practice Problems

Details:
Complete the problems below from the textbook. You will need to use the “Baseball 2012 Data,” “Buena School District Bus Data,” and the “Century National Bank Data” files for this assignment.

  1. Chapter 11 – Problem 14
  2. Chapter 11 – Problem 41
  3. Chapter 11 – Problem 48
  4. Chapter 11 – Problem 49
  5. Chapter 12 Case A – Century National Bank

For problems requiring computations, please ensure that your Excel file includes the associated cell computations and/or statistics output. This information is needed in order to receive full credit on these problems.

Submit output in one Excel file.

You are not required to submit this assignment to LopesWrite.

SYM-506-RS-Baseball 2012 Data.xlsx SYM-506-RS-Buena School District Bus Data.xls SYM-506-RS-Century National Bank Data.xls