Objective 1:
The variables ztest and zscore from last week are actually the same variable. To calculate the ztest, use the the formula:
(sampmean - mu)/se where se is the standard error, which is defined as Sigma / (sqrt (N))To calculate the p-value for the Zscore, use the following SAS code:
areaabov = 1 - (PROBNORM (ztest)); where ztest is defined above. areabelo = 1- areaabov Sorry about the confusion!
Objective 2:
a.) The formula to compute the Z-test for a correlation is r * (sqrt (N-1))
r = .24 N = 40b.) Same decision rule as before: If Z-test >= 1.96 or the Z-test is <= -1.96, the Z-test is significant
c.) compute the p-value for the Z-test. Use the same formulas as last week. Don't forget to specify that you want SAS to do different things, depending on whether the Z-score is negative or positive.
Objective 3:
a.) Create a 2-sided 95% confidence interval 1.) calculate the standard error: se = (1- r**) / (sqrt (N-1)) 2.) error band = 1.96 (se) 3.) Lower Bound (LB) = r - error band Upper Bound (UB) = r + error band b.) Create a 1-sided confidence interval 1.) calculate the se using the formula above 2.) error band = 1.65 (se) 3.) Worst Case (WC) = r - error band Best Case (BC) = r + error band