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(Public) 2023.03 ISM Assignment 2 (Mentor of MKM)
(Public) 2023.03 ISM Assignment 2 (Mentor of MKM)
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Links From Veena:
https://calculator-online.net/anova-calculator/
https://www.socscistatistics.com/pvalues/fdistribution.aspx
https://www.brainkart.com/article/Solved-Example-Problems-for-Regression-Analysis_3
7036/
Calculations used:
https://docs.google.com/spreadsheets/d/17EtRfp7LeJobfMSoJKgsUnR9yt17TXOM/edit
?usp=sharing&ouid=106230171966975381666&rtpof=true&sd=true
1. An insurance agent has claimed that the average age of policyholders who insure
through him is less than the average for all the agents, which is 35 years. A random
sample of 40 policyholders who insured through him gave an average of 32 years with
the standard error of 2 years. Using 𝛼 at 5% level of significance, ascertain whether the
insurance agent's claim is justified? Also find P-value.
Below `values to be corrected from above steps:
t= -1.5
P value = 0.6681
Let σ₁² and σ₂² be the variances of the two populations, and let s₁² and s₂² be the sample variances
computed from samples of size n₁ and n₂, respectively. The F-statistic is given by:
F = s₁² / s₂²
Under the null hypothesis of equal variances, the F-statistic follows an F-distribution with (n₁-1) and
In this problem, we are given the sum of squares of deviation for two samples, from which we can
Substituting these values into the formula for the F-statistic, we get:
F = 55.818/13.33 = 4.1
Using an F-distribution table with (9, 11) degrees of freedom and a significance level of 0.05, we find
Therefore, we can conclude that there is not enough evidence to suggest that the variances of the
Preliminary data analyses indicate that the independent samples come from normal
populations with equal standard deviations. At the 5% significance level, does there
appear to be a difference in mean lifetime among the three brands of batteries?
Q5. Calculate the two regression equations on X on Y and Y on X from the data given
below, taking deviations from a actual means of X and Y.
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Note: ( b dash also reqd as the question asks ‘two regression equations on X on Y and
Y on X’), here a (sometimes c) is constant. b is slope.