Determining random number generator

Assignment Help Basic Statistics

Reference no: EM1317178

Q1) Determine a random number generator and make simulated data for not more than 25 participants (test subjects) in study using ranges of values for variables you established above.

Q2) Using hypothesis testing methods presented in Sekaran (2003), propose a method that you think would be most suitable to test this hypothesis. Limit your choices of hypothesis testing to only one of 3 possibilities: graphical method, correlation or t-test. You may use statistical functions in MS Excel for any of these 3 methods. Ultimately, describe rationale for your selection. Why was this method selected when compared with strengths and weaknesses of other two methods?

Now that you have created "notional" (simulated) data to show the hypothesis testing method, apply these data to hypothesis testing method you selected. Based on simulated data and your hypothesis testing method, point out if the null hypothesis is accepted or rejected and why.

Based on your findings, comment on potential implications of these findings as potential contribution to scholarly literature.

Reference no: EM1317178

Questions Cloud

Short term profitability exist of government : In business, there is a tension between the principals (stockholders) and agents (managers). The managers may choose policies that increase short-term profitability (and their bonuses) at the expense of long-term profitability.

Developing system for the classification problem : client asks your company in order to develop a system for classification problem (for example: medical insurance fraud detection). Because of user requirements, he requires the final developed system to be able to offer the explanations about syst..

Find the maximum mass of aluminium oxide : What masses of iron(III)oxide and aluminium must be used to produce 15.0g iron? What is the maximum mass of aluminium oxide that could be produced?

Mean of a normal probability distribution : The mean of a normal probability distribution is 60; the standard deviation is 5.

Determining random number generator : Determine a random number generator and make simulated data for not more than 25 participants (test subjects) in study using ranges of values for variables you established above.

Determine theoretical and percent yields for this experiment : By Solving this problem student is able to understand how to calculate theoretical and percent yields in an experiment - determine theoretical and percent yields for this experiment.

Expected returns on assets and certainty equivalent : What is the expected return of this asset? What is Esperanza's expected utility? What is her certainty equivalent? Suppose that Esperanza can purchase insurance that guarantees her a return of $4900 regardless of the return on the asset.

Relative proportions of the three samples : Enter relative proportions of the 3 samples in order (20,50,30) in "Expected values" area.

How many grams of water should be produced : How many grams of water should be produced and What is the theoretical yield of nitrogen?

User Account

All Pages