Asia Pacific International College School of Business and Project Management IDNUMBER: NAME: TEACHING PERIOD: LOCATION : COLLEGE: BUSINESS YEAR: DISCIPLINE: BUSINESS AND PROJECT MANAGEMENT PLEASE LIST ALL CODES AND TITLES FOR WHICH THIS ASSIGNMENT IS TO BE USED: UNIT OF STUDYCODES UNIT OF STUDY TITLES SBM3103 Mathematics and Statistics The SBM3103 assignment 2 is worth of 20% of the overall assessment in the unit. This assignment is an individual one and should be your own work. Timeframe and Submission A copy of your report must be uploaded no later than 11:55 pm on Sunday of Week 12 on the course website in assignment section. Unless approval for an extension is given on medical grounds (supported by a medical certificate) there will be a penalty of 10% of the maximum marks per calendar day for late submission of assignments. Although you will be provided with guidance with regard to addressing the assignment tasks, you will need to complete the tasks in your own time. Presentation  Your answers must be presented in task number order and be clearly labelled with the appropriate task number. Answers to each task must start on a new page.  Your assignment must be presented in Microsoft (MS) Word or pdf. Copy and paste any relevant Excel outputs to this document immediately before any relevant written answers to each task.  If you are unfamiliar with the use of the MS Word Equations Editor, you may write algebraic/mathematical/statistical symbols and notation in neat handwritten form.  Your answers must be clear. You must highlight relevant items on any required Excel outputs and make reference to them in your written answers.  When asked to perform a manual calculation (i.e. the use of MS Excel is not specified) you must show all working. This must include intermediate steps where relevant. Failure to do so will result in a loss of marks.  Completed assignments are to be presented for correction on A4 paper,  An Assessment Declaration is required and must be attached to the front of your assignment. SBM3103, Mathematics and Statistics The dataset included with this assignment is a random sample of 534 persons from the population survey of a US state (say, California) in a certain year (say, 2012). The population consists of individuals in the said US state who were working and drawing wages during the survey year, which you can access from the Assessment Information page on the unit website. You need to select the random samples of 60 IDs each containing observations, where appropriate, of the eight variables V1 to V8. The variables in the data set are as follows: V1 = Wage (dollars per hour) V2 = Occupational category (1=Management, 2=Sales, 3=Clerical, 4=Service, 5=Professional, 6=Other) V3 = Sector (0=Other, 1=Manufacturing, 2=Construction) V4 = Indicator variable for union membership (1=Union member, 0=Not union member) V5 = Number of years of education V6 = Number of years of work experience V7 =Age (years) V8 = Indicator variable for sex (1=Female, 0=Male). Assignment Tasks (Part II) Answers to the assignment 2 tasks must be based on the sample data file that you created in Part I of the assignment. Most tasks in the assignment 2 require you to obtain an Excel output prior to performing some analysis. There are five tasks in the assignment 2. You must meet all task requirements to receive full marks. Task 4 (10 marks) (a) Find the frequency distribution for the Occupational category (1=Management, 2=Sales, 3=Clerical, 4=Service, 5=Professional, 6=Other). Use Excel to produce a Descriptive Statistics table for your sample "Occupational category" data and paste into your MS Word assignment document. (b) Use the relative frequency approach to find the probability distribution for the Occupational category. (c) Draw the bar chart for the probability distribution of Occupational category. (d) Define the probability distribution based on part (b), for example (You have to calculate according to your data from task 1) x 1 2 3 4 5 6 P(x) 0.14 0.26 0.3 0.15 0.08 0.07 (e) Based on the probability distribution calculate the following i. Find the probability of exactly two ii. Find the probability more than two iii. Find the probability at least three Task 5 (10 marks) (a) Find the frequency distribution for the Indicator variable for union membership (1=Union member, 0=Not union member). Use Excel to produce a Descriptive Statistics table for your sample "union membership" data and paste into your MS Word assignment document. (b) Use the relative frequency approach to find the probability distribution for the union membership. (c) Draw the bar chart for the probability distribution of union membership. (d) Define the probability distribution based on part (b), for example (You have to calculate according to your data from task 1) x 0 1 P(x) 0.54 0.46 (e) Based on the probability distribution draw the bar chart. (f) According to a report of the sample data, 46% (you need to consider the union member proportion as the probability of success) of the people have the union membership. Assume that a sample of 8 people is studied i. Find the probability of exactly two ii. Find the probability less than two iii. Find the probability at least six Task 6 (10 marks) (a) Use Excel and your sample data file to produce a suitable output, to test, at the 1% level of significance, the hypothesis that, for Wages (dollar per hours) in the population with mean is 27 $. (b) Is this a one-tailed or two-tailed test? Briefly explain the reasoning behind your answer. (c) Write, in precise symbolic form, the null and alternative hypotheses. (d) Define Z or T test and also calculate the value of test statistics. (e) Define critical values based on the nature of the problem. (f) State the conclusion based on the sample evidence. (g) Find 99% confidence interval for the Wages (dollar per hours) in the population. (h) Reconsider this procedure at the 5% level of significance, the hypothesis that, for Wages (dollar per hours) in the population with mean is greater than 27 $. (i) Make the decision based on the critical value. (j) Find 95% confidence interval for the Wages (dollar per hours) in the population. Task 7 (10 marks) (a) Use Excel and your sample data file to produce a descriptive summary output (remember to include confidence bound "e" at 5% level of significance), for Indicator variable for sex (1=Female, 0=Male) according to your sample data from task 1. (b) Define the mean proportion. (c) At 5% level of significance, the hypothesis that, for Indicator variable for sex (1=Female, 0=Male) according to your sample data from task 1 and the mean proportion for female population is 0.45. (d) Write, in precise symbolic form, the null and alternative hypotheses. (e) Is this a one-tailed or two-tailed test? Briefly explain the reasoning behind your answer. (f) State the conclusion based on the sample evidence. (g) Find 95% confidence interval for the Indicator variable for sex female. Task 8 (10 marks) (a) Find the relationship between Wages (dollar per hours) as a response variable and number of years of work experience as an explanatory variable. Use excel to find the linear regression output. The belief is that as the work experience increases the wages (dollar per hours) would increase. (You have to calculate according to your data frame from task 1) (b) State the slope coefficient of the least square regression equation. (c) State the intercept coefficient of the least square regression equation.. (d) Determine the least square regression equation representing the approximate linear relationship between the Wages (dollar per hours) as a response variable and Number of years of work experience as an explanatory variable (e) Estimate the Wages when the work experience is 25 years. (f) Construct the 95% confidence interval for the slope parameter of the least square regression equation.