PART I. Textbook problems from Moore & McCabe

Chapter 1: 1.11, 1.47, 1.50, 1.65, 1.112, 1.116

Chapter 3.4: 3.51-3.54, 3.56, 3.80

Chapter 4.1: 4.6, 4.7

(you may handwrite Part I, pen or pencil, doesn't matter)

PART II. An Essay Question.

(THIS PART MUST BE TYPED)

Maximum Length: One page, two if you are wordy (don't spend > hour on this OK?)

Spacing: Single or Double space. 

Guidance: This one is easy, but required.  If you do the textbook problems above and fail to do this one, your homework assignment grade is an automatic 2/6 even if you got the other ones 100% correct. Be as creative or dull as you want to be.  Do not get upset by the word "essay" instead, pretend you are writing an e-mail or chatting about what you have learned so far in Statistics 11/Economics 40.

Goal: To help you understand statistical concepts by having you to apply them.

The Problem:  Congratulations, you have gotten a job as the negotiator for the New York Yankees baseball team (the players).  Problem 1.121 in your textbook (p. 98-99) is related to this problem and if you want to answer it in Stata, you can issue this command while in Stata and connected to the internet

use http://www.stat.ucla.edu/~vlew/stat11/homework/ta01_010

The dataset is also available on the CD Rom that came with the text book.  It will be found with the data for Chapter 1 and it should be named ta01_010.dat. You can read that file into any program (not just Stata).  Alternatively, you can type the numbers in from the book or punch them into a calculator.

The players want more money (gee, what a surprise).  As their negotiator, you need to present their argument to the New York Yankees Management.  What statistics (e.g. mean, median, minimum, maximum, etc. etc.) might you use to make your case for more money for the players?   

Hint: There may be an unusual or extreme observation in this dataset.  If you think this is the case, feel free to delete it and recalculate your statistics (in Stata issue the command: drop if salary = = value where value is outlier's value).  Will this help your argument for more money?

Final Instructions:

WHEN YOU HAND THIS IN, STAPLE PART I and PART II TOGETHER.  MAKE SURE YOUR TA'S NAME OR YOUR SECTION APPEARS CLEARLY ON YOUR HOMEWORK.