What is the critical value

Reference no: EM132728996

Problem 1: What is the critical value? Describe the rejection region.

Answer and Explanation:

Now need to determine the critical value. Since this is a left tailed test, the formula to find the critical value usingexcel is =T.INV (α, df).

The significance level for this scenario is α =.05

Our degrees of freedom (df)= 363. The degrees of freedom were determined by taking the sample size of 364 and subtract 1.

The formula would be entered as = T.INV (0.05, 363) The answer I get is -1.649 My critical value = -1.649.

-2.548 > -1.649

Since our test statistic is greater than our critical value the rejection region is to the left of our critical value of -1.649 and includes our test statistic

Reference no: EM132728996

Questions Cloud

Personality and team effectiveness : Describe the personality factors and other individual differences that you think are important to be a successful team member of (1) a traditional work team;

What will return on investment equal for next year : The company's CEO believes that sales for next year will increase by 20%, If the CEO's forecast is correct, what will return on Investment equal for next year

Which one of the areas do feel as if experienced most growth : Which one of the areas do you feel as if you experienced the most growth? Provide specific ways in which you improved in this area.

Theory of constraints : Describe an example where theory of constraints (TOC) was successfully applied to improve a process,

What is the critical value : What is the critical value? Describe the rejection region. Our degrees of freedom (df)= 363. The degrees of freedom were determined by taking the sample size

Best alternative to negotiated agreement : Determine the Best Alternative to a Negotiated Agreement (BATNA) and the Worst Alternative to a Negotiated Agreement (WATNA) for this scenario.

Explain which test statistic will use for hypothesis : Standard deviation. Identify and explain which test statistic you will use for your hypothesis test: z or t? Find the value of the test statistic.

Compare and contrast two communication techniques : Compare and contrast two communication techniques that can be used to improve employee trust and engagement.

Social media public relations campaign by organization : For this assignment, you will investigate a social media public relations (PR) campaign by an organization.

User Account

All Pages