Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

1. Why is it inadequate to choose a one-tailed test on the basis that we expect the outcome to be in that direction?

2. In a two-tailed test conducted at the .01 level of significance, we have rejected the null hypothesis. Say whether each of the following is true or false.

(a) The probability that the null hypothesis is false is .99.

(b) The probability that we made the wrong decision on the null is .01.

(c) If we always use the .01 level of significance in our hypothesis testing, over the long run we will make a wrong decision on the null hypothesis 1% of the time.

(d) If we always use the .01 level of significance, over the long run we will make the wrong decision on the null hypothesis on 1% of those occasions when we reject the null.

(e) If we always use the .01 level of significance, over the long run we will make a wrong decision on the null hypothesis on 1% of those occasions when we retain the null.

(f) If we always use the .01 level of significance, over the long run we will make a wrong decision on the null hypothesis on 1% of those occasions when the null is true.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92681024

Have any Question?


Related Questions in Statistics and Probability

Fifty-seven percent of employees make judgements about

Fifty-seven percent of employees make judgements about their co-workers based on the cleanliness of their desk. You randomly select 8 employees and ask them if they judge co-workers based on this criterion. The random va ...

Suppose a sample space has things ab and c twice draw from

Suppose a sample space has things a,b and c. Twice, draw from the sample space and replace. The possible sequences formed are {aa, ab, ac,ba,bb, bc,ca,cb,cc} Now suppose there are Y different things. There are Y ways the ...

Smithco is a supplier to many brand name makers of mobile

SmithCo is a supplier to many brand name makers of mobile phones. SmithCo manufactures the external shells that enclose mobile phones. The strength of a shell is measured by applying increasing pressure to the shell and ...

Suppose you want to calculate the z-score for your height

Suppose you want to calculate the? z-score for your height. How will the? z-scores compare if you use your height in inches verses? centimeters?

Question 1private capital expenditure for 12 successive

Question 1 Private capital expenditure for 12 successive quarters are presented in the following table: Quarter Millions     1 31,920 2 25,120 3 30,350 4 24,650 5 30,090 6 23,980 7 28,450 8 26,710 9 31,380 10 27,260 11 3 ...

A company that sells annuities must base the annual payout

A company that sells annuities must base the annual payout on the probability distribution of the 2) length of life of the participants in the plan. Suppose the probability distribution of the lifetimes of the participan ...

A confidence interval estimate is desired for the gain in a

A confidence interval estimate is desired for the gain in a circuit on a semiconductor device. Assume that gain is normally distributed with standard deviation σ = 30. (a) How large must n be if the length of the 95% CI ...

1 suppose you purchase anbsp10-year bond with 64annual

1) Suppose you purchase a 10-year bond with 6.4%annual coupons. You hold the bond for four years, and sell it immediately after receiving the fourth coupon. If the bond's yield to maturity was 5.4% when you purchased and ...

A survey of a random sample of 1000 smartphone owners found

A survey of a random sample of 1000 smartphone owners found that the mean daily time spent communicating on a smartphone was 131.4 minutes. From previous studies, it is assumed that the population standard deviation is 2 ...

How can a graph or chart of data help you understand the

How can a graph or chart of data help you understand the results? What is a frequency table? Describe an example where a frequency table can be used in life.

  • 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