Discuss about the decision in given problem

Assignment Help Basic Statistics
Reference no: EM131772762

Question: Given the convention of declaring that a result is statistically significant if the p-value is 0.05 or less, what decision would be made concerning the null and alternative hypotheses in each of the following cases? Be explicit about the wording of the decision.

a. p-value = 0.35

b. p-value = 0.04

Reference no: EM131772762

Questions Cloud

What is so ominous about the combination of events john sees : What is so ominous about the combination of events John sees, John Young is a new assistant controller at Richmond Electronics
Contributing to the deteriorating eyesight : For each of the situations in Exercise, explain the two errors that could be made and what the consequences would be.
What was the non-controlling interest in kent net income : Kent's reported net income was $300,000. What was the non-controlling interest in Kent's net income
Discuss the sarbanes-oxley act on internal controls : Compare and contrast the views of management and accountants regarding the changes required by the Sarbanes-Oxley Act on internal controls
Discuss about the decision in given problem : Given the convention of declaring that a result is statistically significant if the p-value is 0.05 or less, what decision would be made concerning.
Write a memo announcing the center : The savings come from lower claims on medical insurance, less absenteeism, and greater productivity. Write a memo announcing the center.
Compute the budgeted profit : Compute the budgeted profit at the expected volume of 600,000 units under both the old and the new production environments
One of the employees performs all of his duties : One of the employees performs all of his duties in another state-Arizona
Journalize the month end adjusting entries : Journalize the month end adjusting entries in the general journal. Post them to the general ledger

Reviews

Write a Review

Basic Statistics Questions & Answers

  What is the decision aplha value

The researcher wants to know if there is sufficient evidence to conclude that the proportion of adults who support the death penalty is higher in the U.S.A. than in Germany. What is the decision at a =.05 and 0.10.

  What percent of the workers were unemployed

How many workers were studied? What percent of the workers were unemployed? Compare the percent unemployed for the men and the women.

  Conduct a global hypothesis test

Conduct a global hypothesis test to verify the overall statistical significance (p-value =.05) of the final estimated multiple regression equation.

  Definition of consumer price index

Consumer Price Index is: a. a weighted aggregate price index where the weight for each item is its current-period quantity. b. a weighted aggregate price index where the weight for each item is its last-period quantity. c. an index that is designed t..

  Information about f distribution

What do we use the F Distribution to test? Provide an example from your place of employment or circle of influence of an instance when you could use the F Distribution.

  Calculate the test statistic to test the hypothesis

most video games have several difficulty settings from easy to hard many of these have very colorful names. a video

  Gain control of oil-producing area

The integrated ownership of pipelines was initially used by some oil companies to gain control of oil-producing area. How did they use their market power to gain market control? What other reasons can be offered for integrated ownership? Are these..

  Second test and final exam

In Exercise 4.25 you looked at the relationship between the score on the second test and the score on the final exam in an elementary statistics course

  Evaluate probability that democratic candidate was elected

SELECTION OF SUPREME COURT JUDGES In a past presidential election, it was estimated that the probability that the Republican candidate would be elected was.

  The application of statistical and decision making technique

A health agency is taking a survey regarding the evaluation of all the hospitals in Melbourne to find out the statistical calculation and analyze the attributes of the data. The agency needs a report that can analyze the number of admissions, type of..

  Companies to profit from countries in poverty

Explain why it is good for wealthy companies to profit from countries in poverty? Explain why the concept of "fortune at the bottom of the pyramid".

  What is the median sugar content

Cereals. Sugar is a major ingredient in many breakfast cereals. The following boxplot and histogram display the sugar content as a percentage of weight for 49.

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