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EC 233 Assignment I: Data Analysis and Interpretation, Exercises of Statistics

group assignment one mathematical statistics

Typology: Exercises

2018/2019

Uploaded on 10/06/2019

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Assignment I for EC 233
(due by Tuesday, 23 October 2018 at 23:55)
This assignment is to be completed by teams of one, two or three students.
You will use the data we gathered in the class questionnaire to answer the questions. The
Excel file with the data will be available on Moodle.
The answers must be typed in the spaces below between the questions, not handwritten.
Insert any charts/graphic objects here, too. You can adjust the amount of space between the
questions to fit your answers. Do not attach Excel or other printouts or hand-written material. You
must only submit the Word document, and in Word format, to Moodle.
Moodle has a 1MB size limit for students uploads (such as assignments). In order to
reduce file size, you can use the "Reduce File Size" in the File menu Word.
E-mailed assignments will not be accepted. You must upload your assignment to Moodle.
It is sufficient for one person to upload the answers for each team.
You can use Excel, R or other statistical packages to find the answers. Please consult the
graphical methods section in your book and other extra material for help. The graduate assistant for
the course, Melikşah Demirtaş, will answer your questions on R in a PS session on 19 October
Friday, 15:00 at NB Z12.
You may want to use “Data Analysis” under the “Data” tab in Excel. You can use the
“Histogram” and “Descriptive Statistics” options here. If “Data Analysis” does not appear under
the “Data” tab, use Excel “Add-ins” under “Options” to install it using “Analysis ToolPak”. If you
are using Mac, this option may not be available. You can install StatPlus instead. For descriptive
statistics simple commands like AVERAGE() are sufficient, though. Also, note that Excel has
different variance (and standard deviation) formulae for samples (VAR.S ()) and for populations
(VAR.P()). “Descriptive Statistics” may not yield the variance/standard deviation you need.
Carry out the necessary calculations and report the final results (so write 4 instead of
2x2).
Use 6 decimal places.
Questionnaire Questions
1. What is the month of your birth?
2. How many movies did you see during the last seven days?
3. How much time (in hours per week e.g. 1.5 hours for 90 minutes or 0.75 hours for 45 minutes)
did you spend studying during the last seven days?
4. Was Boğaziçi University's Economics department your first choice in the university entrance
exam?
G. G. AkinEC 233Fall 2018
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Assignment I for EC 233

(due by Tuesday, 23 October 2018 at 23:55)

• This assignment is to be completed by teams of one, two or three students.

• You will use the data we gathered in the class questionnaire to answer the questions. The

Excel file with the data will be available on Moodle.

• The answers must be typed in the spaces below between the questions, not handwritten.

Insert any charts/graphic objects here, too. You can adjust the amount of space between the questions to fit your answers. Do not attach Excel or other printouts or hand-written material. You must only submit the Word document, and in Word format, to Moodle.

• Moodle has a 1MB size limit for students uploads (such as assignments). In order to

reduce file size, you can use the "Reduce File Size" in the File menu Word.

• E-mailed assignments will not be accepted. You must upload your assignment to Moodle.

It is sufficient for one person to upload the answers for each team.

• You can use Excel, R or other statistical packages to find the answers. Please consult the

graphical methods section in your book and other extra material for help. The graduate assistant for the course, Melikşah Demirtaş, will answer your questions on R in a PS session on 19 October Friday, 15:00 at NB Z12.

• You may want to use “Data Analysis” under the “Data” tab in Excel. You can use the

“Histogram” and “Descriptive Statistics” options here. If “Data Analysis” does not appear under the “Data” tab, use Excel “Add-ins” under “Options” to install it using “Analysis ToolPak”. If you are using Mac, this option may not be available. You can install StatPlus instead. For descriptive statistics simple commands like AVERAGE() are sufficient, though. Also, note that Excel has different variance (and standard deviation) formulae for samples (VAR.S ()) and for populations (VAR.P()). “Descriptive Statistics” may not yield the variance/standard deviation you need.

• Carry out the necessary calculations and report the final results (so write 4 instead of

2x2).

• Use 6 decimal places.

Questionnaire Questions

1. What is the month of your birth?

2. How many movies did you see during the last seven days?

3. How much time (in hours per week e.g. 1.5 hours for 90 minutes or 0.75 hours for 45 minutes)

did you spend studying during the last seven days?

4. Was Boğaziçi University's Economics department your first choice in the university entrance

exam?

5. How many CD's do you own?

6. Draw a histogram for the data generated by Question 3. Does the data look symmetric,

skewed to the right or skewed to the left?

Right skewed

7. Find the mean and the median of the data generated by Question 3. Does this result

support your conclusion in question (5)? Why or why not?

Mean= 18,

Median= 5

Yes, our data is right skewed so it should be mean > median

8. Find the variance and standard deviation of the data generated by Question 4. Treat the

data as a sample (not population).

Variance= 0,

Standard deviation= 0,

9. What is the range of the data generated by Question 5?

Range= 184