Large sample test for mean, Applied Statistics

Assignment Help:

Large Sample Test for Mean

A random sample of size n (n > 30) has a sample mean   218_computation of covariance ungrouped data2.png . To test the hypothesis that the population mean μ has a specified value  μ0 let us formulate the Null Hypothesis as H0:   μ = μ0 .

The Alternative Hypothesis is (i) H1:    μ ≠ μ0   or (ii) H1:    μ > μ0   or (iii) H1:    μ < μ0  . Since n is large, the sampling distribution of  218_computation of covariance ungrouped data2.png   is approximately normal.

If H0 is true, the test statistic z =   911_large sample test for mean.png   has approximately a standard normal distribution. The critical region for z depending on the nature of H1 and level of significance  α is given below:

Level of significance ( α )

10%

5%

1%

Critical region for  μ ≠ μ0

  | z |   > 1.64

| z |  > 1.96

| z | >  2.58

Critical region for  μ > μ0

    z    < -1.28

   z   < -1.64

   z <  -2.33

Critical region for  μ < μ0 

    z    > 1.28

z > 1.64

  z >   2.33                                 


Related Discussions:- Large sample test for mean

Financial payments technology, Suppose the money supply process is now repr...

Suppose the money supply process is now represented by the following function: where m measures the sensitivity of money supply with respect to the interest rate. (i) Us

Agreement, Agreement The degree to which different observers, raters or ...

Agreement The degree to which different observers, raters or diagnostic the tests agree on the binary classification. Measures of agreement like that of the kappa coefficient qu

Active control equivalence studies (aces), Active Control Equivalence Studi...

Active Control Equivalence Studies (ACES) Clinical trials the field in which the object is easy to show that the new treatment is  as good as the existing treatment. Such type

Use of calculators in statistics, In recent years a number of calculators a...

In recent years a number of calculators are available for doing statistical calculations over and above the usual addition, subtraction, multiplication and division. The fx-82 mode

Good average, Examine properties of good average with reference to AM, GM, ...

Examine properties of good average with reference to AM, GM, HM, MEAN MEDIAN MODE

Assumptions in regression, Assumptions in Regression To understand the...

Assumptions in Regression To understand the properties underlying the regression line, let us go back to the example of model exam and main exam. Now we can find an estimate o

Determine the subset of variables, Agency revenues. An economic consultant ...

Agency revenues. An economic consultant was retained by a large employment agency in a metropolitan area to develop a regression model for predicting monthly agency revenues ( y ).

Find the minimum constant workforce, Find the minimum constant workforce: ...

Find the minimum constant workforce: ABC Company, a manufacturer of roofing supplies, has developed monthly forecasts for roofing tiles. The forecasted demand and the expected

Find probability of remaining paint free - ball duel, In a three-cornered p...

In a three-cornered paint ball duel, A, B, and C successively take shots at each other until only one of them remains paint free. Once hit, a player is out of the game and gets no

Write Your Message!

Captcha
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