Determine the meaning of significance level

Assignment Help Basic Statistics
Reference no: EM132857848

A two-sided coin is tossed 100 times. Of those 100 times, "heads" results 43 times, as opposed to the expected 50 times. The data is calculated to be significant at the 0.01 value. Determine the meaning of this significance level.

Select the correct answer below:

A.) You can expect 43 out of every 100 coin tosses to result in "heads".

B.) The probability of the outcome being the result of chance is 0.01 or less.

C.) The coin is not a fair coin at the 0.001 level of significance.

D.) The coin is not a fair coin at the 0.005 level of significance.

Reference no: EM132857848

Questions Cloud

Business is poker game and we are all bluffing : Discuss why Goldman Sachs was a disciple of Albert Carr's theory of "business is a poker game and we are all bluffing."
What is percent of british columbia families : Statistics Canada reported that the average annual family income in British Columbia in 2019 was 87.6 (in $ thousands). Suppose annual family income
Define the core functions of epidemiology : Select one of the epidemiologic core functions and provide an example of the how the core function might be demonstrated in clinical practice
Write out the proforma operating statement for this property : Depreciation allowances 225,000, utilities 195,000, maintenance 215,000, management expenses 10% of of EGI. Write out the proforma operating statement
Determine the meaning of significance level : The data is calculated to be significant at the 0.01 value. Determine the meaning of this significance level.
How comfortable are with the thought of becoming involved : A critical component of any policy design is evaluation of the results. How comfortable are you with the thought of becoming involved with such matters?
Determine the minimum inventory cost : Burnight is open 365 days a year and desires a safety stock of 15 packages. The lead time for delivery is 5 days. Determine the minimum inventory cost
Building a linear optimization model : Suppose you are building a linear optimization model to help decide which projects your firm should undertake in the upcoming fiscal year. The decision variable
List two pharmacologic agents : List two pharmacologic agents and their dosing that would be appropriate for the patient's antidepressant therapy based on pharmacokinetics

Reviews

Write a Review

Basic Statistics Questions & Answers

  Draw a picture of the possible sample proportions

Draw a picture of the possible sample proportions that would result from samples of 800 people from a population with a true proportion of .50.

  Plot average payoff against level of cooperation use

In business, do nice guys finish first or last? In baseball, there is an old saying that ‘‘nice guys finish last.'' Is this true in the business world?

  Influence the sales of existing single family home

Many variables influence the sales of existing single family homes. One of these is the interest rate charged for mortgage. Loans. The table below gives the total number of existing single family homes sold annually, y, and the average annual conv..

  What percent of deaths were from causes not listed

Causes of death 2003. The Centers for Disease Control and Prevention (www.cdc.gov) lists causes of death in the United States during 2003.

  What is the expected value for this distribution

If the sex ratio is 135 males: 100 females, and we sample 8 fish at random from the population, what are the probabilities of obtaining 0 males, 1 male, 2 males, and so on, up to 8 males? What is the expected value for this distribution

  What is the decision rule negative amount should be

chicken delight claims that 83 percent of its orders are delivered within 10 minutes of the time the order is placed. a

  Construct the one-sample t-confidence interval

Construct the one-sample t-confidence interval for a 0.95 level confidence interval for the population mean return.

  Define the term interpersonal conflict

Define the term interpersonal conflict. Use examples to explain each element of the definition in detail.

  Estimate the sample standard deviation

A taxi company is interested in the amount of time its vehicles are out of operation for repair. Find a 95% confidence interval for the mean number

  At a 1 level of significance does your test show enough

a study by hewitt associates showed that 79 of companies offer employees flexible scheduling. suppose a researcher

  Fnd the long-run proportion of time

There are m machines in a factory operating independently. Each machine works for a time period that is exponentially distributed with mean 1/µ.

  Approximation to find theprobability

Explain why or why not and then use that approximation to find this probability

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