P-values versus critical values

Reference no: EM1394723

We have discussed two different methods for making statistical inferences such as developing interval estimates and conducting hypothesis tests. These methods are the "Critical Value Method" and the "P-Value Method". In one page or less explain these two vital concepts and, most importantly, their relationships to each other.

Reference no: EM1394723

Questions Cloud

Simple random sampling-cluster sampling : Compare the differences of Simple random sampling & Cluster sampling using specific examples, and show the pros and cons of each method.

Probability of a randomly chosen student : High School GPA is normally distributed with a mean of 3.06 and a standard deviation of 0.40. The probability of a randomly chosen student having a HS GPA between 3.54 and 3.80 is

Compute is solution ppm : What is the pH of the solution when the hydronium ion + concentration of 0.15 M CH3COOH is 6.3 × 10.

Mean of breaking strength : Recall that the trash bag manufacturer has concluded that its new 30 gallon bag will be the strongest such bag on the market if its mean breaking strength is at least 50 pounds.

P-values versus critical values : We have discussed two different methods for making statistical inferences such as developing interval estimates and conducting hypothesis tests. These methods are the "Critical Value Method" and the "P-Value Method".

How mission vision influence decision-making at corporation : How does the corporation find out what direction they will take in marketplace? The first three elements of setting this direction are Mission Vision and Value Statements.

Finding value of the sample test statistic : The dean of a nursing school claims that the average starting salary of its graduates is more than 60 (in $000's). It is known that the population standard deviation is 10 (in $000's).

Calculate the ksp of pbso4 : What is the volume occupied by 25.0 gm of Ar (g) at a temperature of 301K and pressure of 1.30atm.

Proportionate stratified sample : You wish to do a community needs assessment survey of a community to find out how much office space is needed by professionals in the community.

User Account

All Pages