What is the probability that you will make a type 1 error

Assignment Help Business Economics
Reference no: EM132124140

  1. You have conducted a test and have this information: p = .03 and a = .05, what is the probability that you will make a Type 1 error?
  2. If you want to decrease the chance of making a Type 1 error what should you change?
  3. You have conducted a test to measure the effectiveness of two different text books. Your results were statistically significant that Textbook 1 results in higher grades than Textbook 2. The class is currently using Textbook2. What else would you like to know before you recommend changing textbooks?

Reference no: EM132124140

Questions Cloud

Best data to use from the excel output : What I am unsure of is which is the best data to use from the excel output? I have t-stat=0.4877, P(Tless/equalt)one-tail=0.3152 and t-critical one-tail=1.717?
Four balls are independently projected onto one target : Four balls are independently projected onto one target, the probability of a hit for each is P1 = 0.1 , P2 = 0.2 , P3 = 0.3 , P4 = 0.4.
What is average number of parcels being processed : What is the average number of parcels being processed in her office?
How the licensee could have avoided the reported failures : Students will research a failed restaurant from the SNHD reports and provide a recap as well as recommendations for how the licensee could have avoided.
What is the probability that you will make a type 1 error : You have conducted a test and have this information: p = .03 and a = .05, what is the probability that you will make a Type 1 error?
Organizations you are using to benchmark hrm best practices : To begin your paper, provide a summary of key details about the organizations you are using to benchmark HRM best practices.
Measure the effectiveness of two different text books : You have conducted a test to measure the effectiveness of two different text books. Your results were statistically significant that
What role does grammar play in creating convincing argument : What role does grammar play in creating a convincing argument? Is the author empathetic? Too intense? Not convincing enough?
What is the population and what is the sample : A survey of 1272 pre-owned vehicle shoppers found that 8% bought the extended warranties. What is the population and what is the sample?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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