Use the DASL Fish Prices data to investigate whether there is evidence that overfishing occurred from 1970 to 1980. Key ideas: Adjusting for Inflation, Additive Versus Multiplicative Models, Hypothesis Testing, Matched Pairs, Paired t-Test, Nonparametric Tests.
JMP features demonstrated:
Formula Editor, Analyze > Distribution, Analyze > Matched Pairs
Statistical/graphical tools used:
Histograms, normal quantile plots, log transformations, inverse transformation, paired t-test, Wilcoxon Signed Rank test.