A solved assignment covering statistical concepts and problem-solving techniques for Week 2 coursework.
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05/26/2014Page1StatisticsSTA2014Week2Individual WorkAssignment InstructionsTo complete this assignment:1.Answer all of the questions belowin the space provided.2.Reflect on the information presented in this week’s lesson andprovide an insightful responsetoeach question.Save and Submit to Dropbox1.Save your work as a Microsoft Word 2010 (.docx) file that includes your name, coursecode, andtitle in the file name. For example: JaneSmith_STA2014_Week2.docx.2.To submit yourassignment, go to the Dropbox and click "Submit Assignment."3.Click on the drop-down menu to select theWeek2: Individual Workbasket in the Dropbox.Objective:Interpret the process of collecting unbiased data for observational studies and experiments.Section 1.122. Classify the variable as qualitative or quantitative.Student ID Number is a ________________variable.Answer:Quantitative24. Determine whether the quantitative variable is discrete or continuous.The volume of water lost each day through a leaky faucet is a ________________ quantitativevariable.Answer:Continuous32-34 Determine the level of measurement of eachvariable.32. Movie ratings of one star to five starsAnswer:Qualitative34. Year of birth of college studentsAnswer:Quantitative52.Retirement Planning:The Principal Financial Group conducted a survey of 1,172 employees inthe United States between July 2, 2010 and August 8, 2010, and asked if they were currentlyparticipating in the employer-sponsored automatic payroll deduction for a 401(k) plan to save forretirement. Of the 1,172 employees surveyed, 27% indicated they were participating. The PrincipalGroup reported that 27% of all employees in the United States participated in automatic payrolldeduction for a 401(k) plan to save forretirement with a 4% margin of error and 95% confidence.(a) What is the research objective?Answer:Student NameChristine WilsonCourse and Section NumberProgram of StudySTA 2014Accounting
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