Null hypothesis is actually false

Assignment Help Basic Statistics
Reference no: EM131235904

Consider H0: μ=55 versus H1: μ≠55.

a. What type of error would you make if the null hypothesis is actually false and you fail to reject it?

Type I.Type II.

b. What type of error would you make if the null hypothesis is actually true and you reject it?

Type I.Type II.

Reference no: EM131235904

Questions Cloud

What are forward price and initial value of forward contract : What are the forward price and the initial value of the forward contract? - Three months later, the price of the stock is $48 and the risk-free rate of interest is still 8% per annum. What are the forward price and the value of the short position ..
Write the null and alternative hypotheses : Write the null and alternative hypotheses for the following example. Determine if the example is a case of a two-tailed, a left-tailed, or a right-tailed test.
Define what kind of secondary and syndicated data : Assume Kimmel decides to conduct a study to address the marketing research problem, describe what research design should be adopted? Relate the different phases of the research design to specific aspects of the marketing research problem.
Construct a class that monitors all account transactions : A bank must report to the government tax institution all transactions (deposits and withdrawals) that exceed $10,000. Building on the initial design of the banking system from question 22, use the Observer design pattern to construct a class that ..
Null hypothesis is actually false : a. What type of error would you make if the null hypothesis is actually false and you fail to reject it?
The marginal rate of substitution between land and labor : Assume the marginal rate of substitution between land and labor is 2 in producing apples and 1 in producing oranges. This means that if we reduce labor by one in oranges, we need one more unit of land. If we reduce labor by one in apples, we need two..
Whether rate of interest on gold loan is too high or too low : Discuss whether the rate of interest on the gold loan is too high or too low in relation to the rate of interest on the cash loan.
The market for synthetic leather baseball gloves : If aliens come and take a large percentage of our cows what happens in the market for synthetic leather baseball gloves? (Assume a normal competitive market)(Show the graph, label all relevant points, and explain what happens to price and quantity. E..
Observations produced a sample mean : A random sample of 61 observations produced a sample mean of 95. Using α=0.025, would you reject the null hypothesis? The population standard deviation is known to be σ=11.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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