Fund managers believes core inflation rate would be higher
Not what you're looking for?
In June 2001, 38% of fund managers surveyed believed that the core inflation rate would be higher in 1 year. One month later a similar survey revealed that 22% of fund managers epected the core inflation rate to be higher in one year. Assume that the sample size was 200 in both the June and July surveys.
a. Develop a point estimate of the difference between the June and July proportions of fund managers who felt the core inflation rate would be higher in one year.
b. Develop hypotheses such that rejection of the null hypothesis allows us to conclude that inflation expectations diminished between June and July.
c. Conduct a test of the hypotheses in part b using level of significance of -01. What is your conclusion?
Purchase this Solution
Solution Summary
The expert examines fund managers beleif in core inflation rate. A point estimate of the difference between the June and July are developed.
Solution Preview
Hypothesis
In June 2001, 38% of fund managers surveyed believed that the core inflation rate would be higher in 1 year. One month later a similar survey revealed that 22% of fund managers expected the core inflation rate to be higher in one year. Assume that the sample size was 200 in both the June and July surveys.
a. Develop a point estimate of the difference between the June and July proportions of fund managers who felt the core inflation ...
Purchase this Solution
Free BrainMass Quizzes
Terms and Definitions for Statistics
This quiz covers basic terms and definitions of statistics.
Measures of Central Tendency
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.
Know Your Statistical Concepts
Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.
Measures of Central Tendency
This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.