MATH 54 Penn State University Anchoring Effect Part 2 Population of Kenya Project HelloIn continuation to first part of project, I’ll need first 2 parts do

MATH 54 Penn State University Anchoring Effect Part 2 Population of Kenya Project HelloIn continuation to first part of project, I’ll need first 2 parts done (A,B) for topic#2 for this. Thanks Math 54 Project – Part 2
Due on Friday 06/05/2020
Grading Rubric (Total points: 50)
Note: This is a group project. You must be working with a classmate to earn credit for this
project. You cannot complete this project by yourself. Turn in one report per group.
A. Introduction: Which topic did you choose for the survey? What did you learn from part 1? — 10
points
B. List your data set and summary measures for your two samples – 6 points
Topic #1
Sample 1: estimate the product of 8x7x6x5x4x3x2x1
List data values
Sample size:_____
Sample mean product: _____
Sample Standard deviation product: ____
Sample 2: estimate the product of 1x2x3x4x5x6x7x8
List data values
Sample size:_____
Sample mean product: _____
Sample standard deviation product: ____
*** If you only have one sample, and asked subjects to estimate product for both, then you have
dependent samples. You will organize your samples values into this format.
Sample 1: 8*7*….*1
…
…
Sample 2: 1*2*….*8
…
Difference, d
…
Topic #2
Sample 1: estimate the population of Kenya using high anchor
List data values
Sample size:_____
Sample mean product: _____
Sample Standard deviation product: ____
Sample 2: estimate the population of Kenya using low anchor
List data values
Sample size:_____
Sample mean product: _____
Sample Standard deviation product: ____
*** If you only have one sample, and asked subjects to estimate the population of Kenya with high
anchor and low anchor, then you have dependent samples. You will organize your samples
values into this format.
Sample 1: high anchor
…
Sample 2: low anchor
…
Difference, d
…
C. Hypothesis Testing: use 0.05 significant level.— 24 points
Make sure to include all steps:
a. Write the null hypothesis and the alternative hypothesis
b. Test statistic
c. P-value
d. Decision and conclusion.
Topic #1:
1. For sample 1, test the claim that the mean estimated product is greater than 40,320, which is
the correct answer.
2. For sample 2, test the claim that the mean estimated product is less than 40,320, which is the
correct answer.
3. For the two samples, test the claim that the mean estimated product for the first sample is
greater than the mean estimated product of the second sample.
*** Note: If you have dependence samples, then test the claim that the mean difference is greater
than 0.
4. Construct an appropriate confidence interval for part 3. Write the conclusion.
Topic #2:
1. For sample 1, test the claim that the mean estimated population of Kenya is greater than 55.77
million, which is the population of Kenya in year 2020.
2. For sample 2, test the claim that the mean estimated population of Kenya is less than 55.77
million, which is the population of Kenya in year 2020.
3. For the two samples, test the claim that the mean population of Kenya for the high anchor is
greater than the mean population of Kenya with low anchor.
*** Note: if you have dependence samples, then test the claim that the mean difference is greater
than 0.
4. Construct an appropriate confidence interval for part 3. Write the conclusion.
D. Conclusions: Does the anchoring effect seem to hold? Explain from the hypothesis testing from part.
– 10 points

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