1 for each of the following patterns of databull what is, Ask an Expert

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1. For each of the following patterns of data,
• What is the probability of the researcher having made a Type 1 error?

• What is the probability of the researcher having made a Type 2 error?

• Should the null hypothesis be rejected?

• What conclusions can be drawn about the possibility of the researcher having drawn a statistically invalid conclusion?

	*p-value*	N	*alpha*	*beta*
a.	.03	100	.05	.05
b.	.13	100	.05	.30
c.	.03	50	.01	.20
d.	.03	25	.01	.20
e.	.06	1,000	.05	.70

2. A friend of yours reports a study that obtains a p-value of .02. What can you conclude about the finding? List two other pieces of information that you would need to know to fully interpret the finding.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92076373

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