Determine the level of significance or p-value

Assignment Help Basic Statistics
Reference no: EM132855934

How do you determine the level of significance or p-value you will use for a particular problem? (Why would you set the significance at, say .05 as opposed to .001?) Why might the level of significance you might use be substantially different for different problems? Give examples

Reference no: EM132855934

Questions Cloud

What type of audit objectively obtains : What type of audit objectively obtains and evaluates evidence regarding assertions about economic actions and events to ascertain the degree
What are three reasons for allowing students to collect : What are three reasons for allowing students to collect and chart their own assessment data? Describe why each are beneficial for students
Why is critical to successful application of an ethical : Why is it critical to successful application of an Ethical Decision Making (EDM) framework to incorporate all four considerations of well-offness
Make the journal entry to record the original issuance : Prepare the journal entry to record the original issuance of the convertible debentures. On January 1, 2016, the corporation's $30 par value common stock.
Determine the level of significance or p-value : How do you determine the level of significance or p-value you will use for a particular problem? (Why would you set the significance at, say
What is the probability of getting different numbers : What is the probability of getting different numbers each roll in Yahtzee
How the respective components would be expected to align : How the respective components would be expected to align the interests of the managers with those of the owners, and to minimise the contracting costs
What is the one most important step the credit department : What is the one most important step the credit department can take in their investigation to determine if credit should be extended to a new customer?
What are the three types of internal users : What are the types of Audits: explain briefly each and which type is used in your workplace? What are the 3 types of internal users and their information needs?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd