Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
TYPE I AND II Errors
If a statistical hypothesis is tested, we may get the following four possible cases:
The null hypothesis is true and it is accepted;
The null hypothesis is false and it is rejected;
The null hypothesis is true, but it is rejected;
The null hypothesis is false, but it is accepted.
Clearly, the last two cases lead to errors which are called errors of sampling. The error made in (c) is called Type I Error. The error committed in (d) is called Type II Error. In either case a wrong decision is taken.
P(Committing a Type I Error)
= P (The Null Hypothesis is true but is rejected)\ = P (The Null Hypothesis is true but sample statistic falls in the rejection region) = α, the level of significance
= P (The Null Hypothesis is true but is rejected)\
= P (The Null Hypothesis is true but sample statistic falls in the rejection region)
= α, the level of significance
P(Committing a Type II Error)
= P (The Null Hypothesis is false but sample statistic falls in the acceptance region) = β (say)
= P (The Null Hypothesis is false but sample statistic falls in the acceptance region)
= β (say)
The level of significance, α , is known. This was fixed before testing started. β is known only if the true value of the parameter is known. Of course, if it is known, there was no point in testing for the parameter.
A new weight-watching company, Weight Reducers International, advertises that those who join will lose, on the average, 10 pounds the first two weeks with a standard deviation of 2
Apl.send me nots on hypothesis testing sk question #Minimum 100 words accepted#
If the data set contains an odd number of items, the middle item of the array is the median. If there is an even number of items, the median is the average of the two items. If the
Modify your formulas from (1) to compute the price at time 0 of an American put option with the same contract specications in the binomial model. Report the price of the American
Your organization purchases bottles of a popular commercial solvent for resale. Each bottle is labeled as containing 32 fluid ounces of the solvent. Your cont
Grouped data For grouped data, the formula applied is σ = Where f = frequency of the variable, μ= population mea
Motion Picture Industry (95 Points) The motion picture industry is a competitive business. More than 50 studios produce a total of 300 to 400 new motion pictures each year, and t
Question: (a) A normal distribution is thought to have a mean of 50. A random sample of 100 gave a mean of 52.6 and a standard deviation of 14.5. A significance test was carri
it is said that management is equivalent to decision making? do you agree? explain
How to a calculate the combined standard deviation for five groups (samples)?
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd