10:27
Will Arthur
23m ago
6. A paired difference experiment yielded $n$ pairs of observations. In each case, what is the
rejection region for testing $H_0: \mu = 12$ against $H_a: \mu \neq 12$? (6 pts.)
a. $n = 16$, $\alpha = 0.01$
Reject $H_0$ when $t$
b. $n = 10$, $\alpha = 0.10$
Reject $H_0$ when $t$
Use the following information for problems 7 - 10.
Researchers compared earnings forecasts of buy-side and sell-side financial analysts. Data were
collected on 9,068 forecasts made by buy-side analysts and 52,571 forecasts made by sell-side
analysts, and the relative absolute forecast error was determined for each. The mean and
standard deviation of forecasts errors for both types of analysts are given in the accompanying
table.
Buy-Side
Sell-Side
Analysts
Analysts
Sample Size
9,068
52,571
Mean
0.87
0.04
Standard Deviation
1.69
0.88
7. Use a 95% confidence interval to estimate the difference between the population means.
Round to 2 decimal places. (6 pts.)
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