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.
Explain what central tendency and variability are. In your answer define what the mean, median, mode, variance, and standard deviation are. What is the difference between the descr
Admissibility A very common concept which is applicable to any procedure of the statistical inference. The underlying notion is that the procedure/method is admissible if and o
Using Chi Square Test when more than two Rows are Present To understand this, let us consider the contingency table shown below. It gives us the information about the stage
how much that cost ?
Suppose that in the actual survey of 50 prospective customers, 6 subscribe to the 3 for all offer, what does this tell you about the previous estimate of the proportion of customer
what are characteristics of a population for which it would be appropiate to use mean/median/mode
Exercise: (Binomial and Continuous Model.) Consider a binomial model of a risky asset with the parameters r = 0:06, u = 0:059, d = 0:0562, S0 = 100, T = 1, 4t = 1=12. Note that u
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
HOW WOULD YOU INTERPRET THIS PROBABILITY:P(a)=1.05
Charts when the Mean and the Standard Deviation are not known We consider the data corresponding to the example of Piston India Limited. Since we do not know population mean a
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