Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

1. You saw 3 inferential tests last week Large sample Z small sample t
Think of a measurable problem you know of and tell whether you would use a Z test or a t test Tell me why ( more than just being driven by sample size ) and describe the hoped for result 

2. Paired sample means tests are used when there is no historical data. 
Give me one example and some rationale where you would see a reason for wanting to use a paired sample means test 

3. A typical recommendation from an inferential test is to either not Reject the null implying no statistical difference in the means or to reject implying there is a statistical difference in the means. Usually the person giving the recommendation will include the confidence level ( aka the Alpha ) and will usually say "with a small chance of statistical error"What is this statistical error and what do you think about this thing called error?

4. You just finished getting your data, made sure there were no fliers and the data was correct You created a mean and standard deviation and ran your Z test at the 0.05 alpha Your decision rule is 1.645 and your Z test statistic ( step 3 ) is 1.647 

What do you do ( reject or not ) and how do you feel about your decision

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9446007

Have any Question?


Related Questions in Statistics and Probability

A clothing quality director determines the accuracy of nfl

A clothing quality director determines the accuracy of NFL Logos on t-shirts. 9% of the shirts made that day are defective. The shirts are sold in packages of 10. Find the probability that in one randomly selected packag ...

1 suppose anbspseven-yearnbsp1000nbspbond withnbspanbsp79

1) Suppose a? seven-year, $1,000 bond with a 7.9% coupon rate and semiannual coupons is trading with a yield to maturity of 6.66 % i.  Is this bond currently trading at a? discount, at? par, or at a? premium? Explain.  ? ...

A researcher wants to determine if there is a relationship

A researcher wants to determine if there is a relationship between media outlet (social media, newspapers, and radio) and interest in media by population group (youth, young adults, and older adults). What type of statis ...

What would be the net annual cost of the following checking

What would be the net annual cost of the following checking account? Interest earnings of 3 percent with a $550 minimum balance; average monthly balance, $800; monthly service charge of $15 for falling below the minimum ...

A laboratory worker finds that the 3 of his blood samples

A laboratory worker finds that the 3% of his blood samples test positive for the HIV virus. In a random sample of 70 blood tests, what is the mean number that test positive for the HIV virus? (Round your answer to 1 deci ...

From a sample of 35 presidential elections - 19 of those

From a sample of 35 presidential elections - 19 of those have been Republican (R) victories - and 16 have been Democrat (D) victories. I need to know how to construction a  95% confidence interval  about the proportion o ...

A factory makes parts for laptop computers including screws

A factory makes parts for laptop computers, including screws. The screws are required to have the right length. The lengths of the screws obey a normal distribution with mean μ=4.25 millimeters and standard deviation σ=0 ...

Recent test scores on the law school admission test lsat

Recent test scores on the Law School Admission Test (LSAT) are normally distributed with a mean of 162.4 and a standard deviation of 15.9. What is the probability that the mean of 12 randomly selected scores is less than ...

Arvo corporation is trying to choose between three

Arvo Corporation is trying to choose between three alternative investments. The three securities that the company is considering are as follows: Tax-free municipal bonds with a return of 8.8%. Wooli Corporation bonds wit ...

In random sampling why is cluster sampling an example of

In random sampling, why is cluster sampling an example of probability sampling?

  • 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