Problem regarding the statistics software

Assignment Help Accounting Basics
Reference no: EM131008516

Statistics software

A Statistics professor has observed that for several years about 13% of the students who initially enroll in his Introductory Statistics course withdraw before the end of the semester. A salesperson suggests that he try a statistics software package that gets students more involved with computers, predicting that it will cut the dropout rate. The software is expensive, and the salesper- son offers to let the professor use it for a semester to see if the dropout rate goes down significantly. The professor will have to pay for the software only if he chooses to continue using it.

a) Is this a one-tailed or two-tailed test? Explain.

b) Write the null and alternative hypotheses.

c) In this context, explain what would happen if the professor makes a Type I error.

d) In this context, explain what would happen if the professor makes a Type II error.

e) What is meant by the power of this test?

Reference no: EM131008516

Questions Cloud

Recognize the company product : Radio ads. A company is willing to renew its advertising contract with a local radio station only if the station can prove that more than 20% of the residents of the city have heard the ad and recognize the company's product. The radio station con..
How men and women differ in their perceptions : The article did not state how the author arrived at the given percentages. What are two questions that you would want to ask the author about how the data used to compute the percentages were collected?
A bulb in a staircase has two switches, : A bulb in a staircase has two switches, one switch being at the ground floor and the other one at the first floor. The bulb can be turned ON and also can be turned OFF by any one of the switches irrespective of the state of the other switch. The logi..
The output clearly defined for all combinations of two inp : For which of the flip-flops has  the output clearly defined for all combinations of two inputs?
Problem regarding the statistics software : A Statistics professor has observed that for several years about 13% of the students who initially enroll in his Introductory Statistics course withdraw before the end of the semester.
How can the width of this interval be reduced : Suppose the confidence interval obtained in part a is too wide. How can the width of this interval be reduced? Discuss all possible alternatives. Which alternative is the best
A shunt machine has armature : Question 1) A shunt machine has armature and field resistance of 0.04 ohm and 100 ohm respectively. When connected to a 460 V d.c. supply and driven as a generator at 600 rev/min, it delivers 50 kW. Calculate its speed when running as a motor and tak..
Power of the test the inspectors conduct : Quality control, part 2. Consider again the task of the quality control inspectors in Exercise 70. a) In this context, what is meant by the power of the test the inspectors conduct?
Prepare journal entries to record the effects on shannon : Prepare journal entries to record the effects on Shannon's accounting records at December 31, 2011, for each of the items described above. Show all calculations.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the value of the firms operations

Calculate the value of the firm's operations.

  In 2013 marvin a cash basis taxpayer took a 2000 itemized

a. in 2012 the orange furniture store an accrual method taxpayer sold furniture on credit for 1000 to sammy. the cost

  Accumulated benefit obligation measures

The pension obligation on the basis of the plan formua applied to years of service to date and based on existing salary levels.

  Oconnell sells two products dynamo and craylon dynamo

oconnell sells two products dynamo and craylon. dynamo sells for 7.50 and craylon sells for 5.75. oconnell estimates

  Angel frank has a cumulative earnings of 87800 at the end

angel frank has a cumulative earnings of 87800 at the end of june. the first week in july she earns 1100. what is the

  In the month of june davis computers paid three months rent

1. paid the rent for the next six months.a an asset would be debited and an expense credited.b an asset would be

  Underapplied or overapplied overhead

At year-end 2013, Dub's Wind Generator Co. had a $40,000 debit balance in its Manufacturing Overhead Control account. Overhead is applied to products based on direct labor cost. Relevant account balance information at year-end follows:

  A business is purchased for 250000 the fair market value

a business is purchased for 250000. the fair market value of assets are equipment 90000 building 135000 and goodwill

  A fire has destroyed a large percentage of the financial

a fire has destroyed a large percentage of the financial records of the carter health system. you have the task of

  Physical count of inventories

Describe how the use of the audit software package and a copy of the inventory file data might be helpful to the auditor when observing the physical count of inventories as of a given date and test a sample for accuracy

  Size of the bank actual reserves

Suppose the National Bank of Commerce has excess reserves of $7,000 and outstanding checkable deposits $160,000. If the reserve ratio is 20 percent, what is the size of the bank's actual reserves?

  Prepare a statement of cash flows for sondegaard corporation

Addtl. Info: Investments were sold at a loss (not extraordinary) of $7,000; no equipment was sold; cash dividends paid were $50,000; and net income was $160,000 Prepare a statement of cash flows for 2010 for Sondegaard Corporation.

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