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Suppose you are tutoring a student next semester and they ask you to explain the tradeoffs between P (Type I error), P (Type II error), significance level, confidence level, alpha, length of confidence interval, power, and sample size. Put together a 1-page "study sheet" to help them understand the concepts. Use whatever format you prefer - paragraphs, bullet points, figures, etc... You will be graded on accuracy, completeness (addressing each point above), and effectiveness (utility, ease of reading).
At the 5 percent level of significance, can we conclude that the mean weight is greater than 16 ounces? Determine the p-value.
Mean=63.6 Standard deviation=2.5 If 36 data points are arbitrarily chosen, determine the probability that mean is less than 64.
The populations must all be normally distributed, what is meant by normally distributed?
Compute the skewness for your data set using Pearson's
How likely is it that the store owner will make at least $7,000 if she implements your suggestion?
ACT scores of high school seniors. The scores of high school seniors on the ACT college entrance examination in 2003 had mean JL = 20.80 and standard deviation (J = 4.80. The distribution of scores is only roughly Normal.
A bank official reported the results of a regression analysis designed to predict the bank's charges (y), measured in dollars per month, for services rendered to local companies.
Calculate the Measures of Center and Measures of Variation for the following data set representing the chest size of 20 bears in inches.
An advantage of the permutation test over the t test for a difference in means is that - distribution interval or a bootstrap percentile interval
A typical problem statement is correlation research is _____________
Given this, compute the following probabilities for demand during lead time(DDLT).
Find out the probability
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