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.
objective of the testing stochastic regression
A.The coupon rate of Erie-Chicago Rail is 7%. The interest rate of Florida municipal bond with equal risk is 6%. At what tax rate the two bonds are as good as each other B.Supp
give a elementary example for characterstics of index number
Read the following data on the economy of Angoia and answer/respond to the questions/instructions that follow. Unless otherwise stated, the monetary figures are in real billions o
Collect data about the chosen business problem or opportunity at the company. Explain how you obtained a suitable sample of either qualitative or quantitative data. Review data f
Melissa Bakery is preparing for the coming thanksgiving festival. The bakery plans to bake and sell its favourite cookies; butter cookies, chocolate cookies and almond cookies. A k
#regression line drawn as Y=C+1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual
Consider an MBA program as a processing network where the flow unit consists of a student in the program. Suppose the organizations that hire and promote MBAs are considered to be
Measurement of trend , least square method
Binomial Distribution Binomial distribution was discovered by swiss mathematician James Bernonulli, so this distribution is called as Bernoulli distribution also, this is a d
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