Stats packet for important methods, Cheat Sheet of Economic statistics

This is a packet of the most used statistical methods for social sciences research. Each test type includes an example, when to use it, and the necessary conditions.

Typology: Cheat Sheet

2021/2022

Uploaded on 01/03/2023

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SLIDESMANIA.
COM
Matthew Ong: Stats
Packet
Fall 2021
Table of contents
Z-Scoreโ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide 2
Z-Testโ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide 3
T-Test (Independent)โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide 4
T-Test (Repeated) โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide 5
ANOVA (Independent)โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide 6
ANOVA (Repeated)โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide 7
ANOVA (Factorial)โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide 8
Correlationโ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide 9
Regressionโ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide 10
Chi-Squared (Independence)โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide 11
Chi-Squared (Goodness of fit)โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide 12
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 - Fall Packet - Z-Scoreโ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide Table of contents - Z-Testโ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide - T-Test (Independent)โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide - T-Test (Repeated) โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide 
  • ANOVA (Independent)โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide - ANOVA (Repeated)โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide - ANOVA (Factorial)โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide - Correlationโ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide
    • Regressionโ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide
  • Chi-Squared (Independence)โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“โ€“Slide

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Z score

When it's used: when a researcher wants to determine how far away a value is from from the sample mean (in standard deviations) and knows the population parameters (standard deviation (SD) and mean) Knowledge Claim: Tells us how many SDs away from the mean a data point is or the percentage of scores that fall between the z-score and the mean. Statistical notation: โ— (^) z= obtained value โ— (^) ฯƒ= standard deviation โ— (^) ฮผ= population mean โ— (^) p > or < 0.

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Independent t test

When it's used: when a researcher wants to compare mean differences between two groups that are independent of each other. Knowledge Claim: Allows for rejection or failure of rejection of the null hypothesis by telling if a two samples have similar means. Must also complete Cohenโ€™s D test to determine if the sample has a large effect size. Statistical notation: โ— (^) Xฬ…= group means โ— (^) ss= sum of squares โ— (^) SD or s= standard deviation โ— (^) df=(n-2)

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T test- repeated

When it's used: when a researcher wants to test the same participants twice to assess how changes to the experimental design will affect their responses. Knowledge Claim: each participant must be measured twice. The independent variable measures the participant in a โ€˜beforeโ€™ and โ€˜afterโ€™ state. Statistical notation: โ— (^) D bar= difference means โ— (^) ss= sum of squares โ— (^) SD or s= standard deviation โ— (^) df=(n-1)

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ANOVA repeated

When it's used: when a researcher wants to compare results from one group either taken at different times or under different circumstances. Knowledge Claim: allows for the comparison of data from related but not independent groups. This test requires one independent and one dependent variable. It utilizes t-tests Statistical notation: โ— Xฬ… or (p bar)= row or column means โ— (^) G bar= grand mean โ— (^) k= levels โ— b/t df= k-1 w/in df=N-k โ— (^) ss= sum of squares โ— (^) MS= mean of squares (ss/df)

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ANOVA Factorial

Main Effects Vs Interaction The main effect is the effect of just one of the independent variables on the dependent variable, while the interaction effect is the effect that considers both independent variables. Levels vs Factors The factor of the experiment is the independent variable. Levels are within the factors. If the independent variable is temperature, different levels would be 0 degrees, 20 degrees and 100 degrees (three levels). When to use each type of ANOVA: โ—‹ (^) ANOVA: comparing two or more means โ—‹ (^) ANCOVA: comparing two or more covariances- โ—‹ (^) MANOVA: comparing two or more dependent variables

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Regression (simple)

When it's used: when a researcher wants to compare more than two variables. It can be used to assess correlation, why an event happens, or to measure the impact Knowledge Claim: Allows for the researcher to compare two or more variables. The field of study impacts which predictors are used in the study. Should avoid studies where two variables are highly correlated (multicollinearity)

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Chi squared- goodness of fit

When it's used: when a researcher wants to compare the distribution of a sample to the distribution that would be expected by chance. Knowledge Claim: Allows for rejection or failure of rejection of the null hypothesis by telling if a the observed distribution of a sample is what would be expected by chance. Statistical notation: โ— (^) xยฒ is the test statistic/obtained value โ— The obtained value is compared to the critical value and the alpha level to determine if the null hypothesis occurs merely by chance (not significantly significant) โ— Levels: the different types of the dependent variable tested (K) โ—