Reference no: EM13892221
Discuss the process for hypothesis testing.
Discuss the 8 steps of hypothesis testing?
When performing the 8 steps for hypothesis testing, which method do you prefer; P-Value method or Critical Value method? Why?
Perform the hypothesis test.
If you selected Option 1:
Original Claim: The average salary for all jobs in Minnesota is less than $65,000.
Test the claim using α = 0.05 and assume your data is normally distributed and σ is unknown.
If you selected Option 2:
Original Claim: The average age of all patients admitted to the hospital with infectious diseases is less than 65 years of age.
Test the claim using α = 0.05 and assume your data is normally distributed and σ is unknown.
Based on your selected topic, answer the following:
Write the null and alternative hypothesis symbolically and identify which hypothesis is the claim.
Is the test two-tailed, left-tailed, or right-tailed? Explain.
Which test statistic will you use for your hypothesis test; z-test or t-test? Explain.
What is the value of the test-statistic? What is the P-value?
What is the critical value?
What is your decision; reject the null or do not reject the null?
Explain why you made your decision including the results for your p-value and the critical value.
State the final conclusion in non-technical terms.
|
Ask-fsk waveform generation
: Describe your design process, how you made decisions, trouble you had, changes you made to the design to make it work, how you figured out significant values (frequencies,etc).
|
|
Describe the red cross stakeholders
: 1. Can you describe the Red Cross stakeholders and it's, short-term goals (1-4 years), mid-terms goals (5-14 years), and long-term goals (15-20 years).
|
|
Review on a specific management accounting technique
: review on a specific management accounting technique
|
|
What is the net present value
: Assuming all cash investment and using a MARR of 12%, what is the Net Present Value of this 3-year business and what is the IRR?
|
|
Discuss the process for hypothesis testing
: Discuss the process for hypothesis testing
|
|
Examine the most applicable components of a business plan
: Write a 700-word article analysis in which you examine the most applicable components of a business plan. Recommend any changes that would be required if the plan were to be used in a foreign country
|
|
Ow do you think stock prices will change on dividend payment
: In an efficient market, ignoring taxes and transaction costs, how do you think stock prices will change on dividend payment dates?
|
|
Why does value of options increase as volatility increases
: What is the estimated value of the options if their maturity is three years, but FO's volatility is 45 percent? Why does the value of the options increase as volatility increases?
|
|
What questions would her sphr friend ask betty smith
: What questions would her SPHR friend ask Betty Smith? Do you think it is a good idea for the CEO to bring a gun to work? Justify your response. Consider the Second Amendment
|