Difference between a left-tailed-two-tailed

Assignment Help Basic Statistics

Reference no: EM13823780

QUESTION 1: What is the importance of a 5% significance level? Why would you choose 5% as opposed to 10% or 1%? What effect does the level of significance have on a Type II error? Please give examples of business situations that would call for different levels of significance.

QUESTION 2: What is the difference between a left-tailed, two-tailed, and right-tailed test. When would you choose a one-tailed test? How can you determine the direction of the test by looking at a pair of hypotheses? How can you tell which direction (or no direction) to make the hypothesis by looking at the problem statement (research question)?

These do not have to be in essay format, it is a simple minimum of 150 word response.

Reference no: EM13823780

Questions Cloud

Question on characteristics of standard normal distribution : What are the characteristics of standard normal distribution? The HR department of an organization collects data on employees' age, salary, level of education, gender, and ethnicity. Which data do you think is more likely to follow normal distribu..

How do allen fulfill central characteristics of romanticism : How do they display or fulfill the central characteristics of Romanticism? If they deviate from these characteristics, point that out and explain where they differ from the characteristics of Romanticism.

Indicate the different ways an individual : Indicate the different ways an individual could forecast his or her weight 10 years from now. Do these methods change based upon whether the individual is 5, 14, 24, or 45 years old? If so why?

Explain how and why these approaches are different : Explain how and why these approaches are different. Do these approaches seem successful? Why or why not? Read the postings of your classmates. Respond to at least 2 of your classmates' postings. Do you agree? Disagree? Why

Difference between a left-tailed-two-tailed : What is the difference between a left-tailed, two-tailed, and right-tailed test. When would you choose a one-tailed test? How can you determine the direction of the test by looking at a pair of hypotheses? How can you tell which direction (or no d..

How does restorative justice appear to work in this case : Visit the web site for the International Institute for Restorative Practices and review the past eForum articles. What are the benefits of using restorative justice instead of sanctions

Write a paper about the movie maria full of grace : Write a paper about the movie Maria Full of Grace. Do not summarize the film in a descriptive or non-critical manner. Instead you must critically apply the content from the Robbins et al.

Probability neither truck is available : What is the probability neither truck is available?

Qualitative analysis mba course regarding derivatives : In the table above we have "Price vs. Number of Items Sold". The first column is the price charged for a point of purchase dog toy in several different markets, while the second column is the number items sold of that item. Plot the data with it..

User Account

All Pages