Using the sample mean to test the null hypothesis

Assignment Help Business Economics

Reference no: EM131246059

Suppose you are using the sample mean to test the null hypothesis H0: mu <(or equal to) 0 using a once tail T test.

A) if the significance level of your test increases from 0.05 (5 percent) to 0.10 are you more or less likely to reject H0? (draw a picture of the sampling distribution to illustrate your answer)

B) If the sample size increases, will the power of your estimator increase or decrease against the alternative hypothesis HA: mu =3? (draw a picture of the sampling distribution before and after the sample size increases to think about this problem.)

Reference no: EM131246059

Questions Cloud

Make four annual end-of-year payments : One way to repay a $5000 loan would be to make four annual end-of-year payments of $ 1000 each, followed by a final payment at the end of the fifth year. Assuming an interest rate of 8%, how much would this final payment be?

Design logical and physical topographical layout of network : Design a logical and physical topographical layout of the current and planned network through the use of graphical tools in Microsoft Word or Visio, or an open source alternative such as Dia. Note: The graphically depicted solution is not included..

How can both be made better off through the trade : Carl starts out with 20 cords of firewood and only 5 bushels of corn and has a MRS of 1 firewood for 3 corn. Debbie starts with 25 bushels of corn and only 10 cords of firewood and has a MRS of 2 for 1 (2 firewood for 1 corn). How can both be made be..

How about a negative environment : After reading the Xue, Bradley, and Liang (2011) article and the textbook, reflect on your own experience. Have you ever worked in team that operated in a positive climate? How about a negative environment

Using the sample mean to test the null hypothesis : Suppose you are using the sample mean to test the null hypothesis H0: mu

Identify the name and description of the selected company : Include the following in your submission: Identify the name and description of the selected company, Describe the problem at that company, Identify one research variable from that problem

Label the intercepts and the optimal bundle : Humpty Dumpty receives some nonlabor income and decides not to work Draw a graph with leisure on the horizontal axis and consumption on the vertical axis showing his preferences, budget constraint, and the optimal consumption bundle. Label the interc..

Monopolist price under third-degree price discrimination : Suppose there are two potential pools of customers for the gym. One group gets a high benefit from joining, but a smaller benefit from actually working out. Derive each consumer’s surplus before the fixed fee for a given variable price p. How will th..

Historic disparity between unemployment rates for black : The historic disparity between unemployment rates for Black, Hispanic, and White workers. Please explain 3 reasons the Black and Hispanic unemployment rates are always significantly higher than the unemployment rate for Whites.

User Account

All Pages