Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

1. I hypothesized that girls in my class have the same blood pressure levels as boys. The probability value for my null hypothesis was 0.15. So I conclude that the blood pressures of the girls were higher than boys'. Which kind of mistake did I make?

a. Type I error
b. Type II error
c. Type I and Type II error
d. I did not make any mistake

2. If a statistical test result is not significant at the 0.05 level, then we can conclude:

a. It is not significant at 0.10 level
b. It must be significant at 0.01 level
c. It must be significant above 0.05 level

d. It is not significant at 0.01 level

3. A researcher posed a null hypothesis that there was no significant difference between boys and girls on a standard memory test. She randomly sampled 100 girls and 100 boys in a community and gave them the standard memory test. The mean score for girls was 70 and the standard deviation of mean was 5.0. The mean score for boys was 65 and the standard deviation of mean was 5.0. What is the standard error of the difference in means?

4. If power is big, you can assume:

a. The significance level set by the researcher must be high
b. We increase the probability of type I error
c. Your study result will be more likely to be inconclusive
d. The difference between the means is more likely to be detected

5. If the probability that you will correctly reject a false null hypothesis is 0.80 at 0.05 significance level. Therefore, α is__ and β is__.

a. 0.05, 0.80
b. 0.05, 0.20
c. 0.95, 0.20

d. 0.95, 0.80

6. The population has a mean of 678 and the population standard deviation is known to be 58.3. Use a 0.05 level of significance to test the claim that the sample scores listed below came from the population. Identify hypotheses, test statistic, P-value or critical value, conclusion about the null, and final conclusion that addresses the original claim.

714 751 664 789 818 779 698 836 753 834 693 802

7. I am looking to move to either Mississippi or Arkansas, depending on the cost of housing. Below are the costs (in thousands, hypothetically) of 12 houses in each location based upon a simple random selection:

Mississippi: 155 142 149 130 151 163 151 142 156 133 138 161
Arkansas: 133 140 142 131 134 129 128 140 140 140 137 143

Use a 0.05 significance level to test the claim that the mean cost of houses in Mississippi is greater than the mean cost in Arkansas. Be sure to give the hypotheses, the test statistic with a p-value, and a conclusion.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91590709
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Question - the ward county hospital center wchc wants to

Question - The Ward County Hospital Center (WCHC) wants to buy a new mobile primary care van to use in screening residents in an underserved local neighborhood. The van will last five years and costs sixty-eight thousand ...

Question - how do you find covered payroll on a schedule of

Question - How do you find covered payroll on a schedule of changes in net pension liability and related ratios chart? How do you find "New pension liability as a percentage of covered payroll"? Net change in plan fiduci ...

Assessment conditionsassessment must be conducted in a safe

Assessment Conditions: Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the regulation, licensing and risk - risk managem ...

Question - topcap co is evaluating the purchase of another

Question - TopCap Co. is evaluating the purchase of another sewing machine that will be used to manufacture sport caps. The invoice price of the machine is $152,000. In addition, delivery and installation costs will tota ...

Question - wilson carver knives uses process costing in its

Question - Wilson Carver Knives uses process costing. In its Cutting Department, all the materials are added at the beginning of the process and conversion costs are added evenly during the processing. During the first m ...

Question - an individual received 70 capital interest in a

Question - An individual received 70% capital interest in a general partnership by contributing investment land purchased 10 years ago for 40000 values 60000 and a personal non business truck purchased 9 months ago for 1 ...

Question - during 2017 crimson inc purchased 2775000 of

Question - During 2017, Crimson Inc. purchased $2,775,000 of inventory. The cost of goods sold for 2017 was $2,635,938 and the ending inventory at December 31, 2017 was $544,688. What was the inventory turnover for 2017?

Assessment -question 1 - the lotteries commission conducts

Assessment - Question 1 - The Lotteries Commission conducts an instant lottery called 'Set for Life' under which a winner who scratches three 'set for life' panels wins $50,000 each year for 20 years. The first $50,000 i ...

Question - on september 1 kennedy company loaned 120000 at

Question - On September 1, Kennedy Company loaned $120,000, at 10% annual interest, to a customer. Interest and principal will be collected when the loan matures one year from the issue date. Assuming adjustments are onl ...

Part abackgroundsaturn petcare australia and new zealand is

Part A Background: Saturn Petcare Australia and New Zealand is Australia's largest manufacturer of pet care products. Saturn have been part of the Australian and New Zealand pet care landscape since opening their first m ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As