Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Z tests and t tests are formulas used in hypothesis testing. Hypothesis testing is a way to figure out if results from a test are valid and repeatable.

Z tests are used when your data is normally distributed, the standard deviation is known, and the sample size is greater than 30.

T tests compare the two means of tests and tells you if they are different from each other and how significant the differences are, meaning could they have happened by chance.

T tests are more commonly used and do not require the standard deviation be known.

YOU NEED TO COMMENT FROM THIS POST, NO MORE THAN 150 WORDS NEEDED AND A REFERENCE NEEDED.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92270760
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Why are scattered plots necessary when investigating the

Why are scattered plots necessary when investigating the relationship between quantitative variables?

What is marketing discipline what is most peoples

What is marketing discipline? What is most people's perception of marketing discipline? Name an organization that has done a great job marketing. What did they do to make you feel this way?

Consider a binomial probability distribution with p03

Consider a binomial probability distribution with p=0.3. Complete parts a through c below. a. Determine the probability of exactly four successes when n=5 P(4)=

A firm that produces light bulbs claims that their

A firm that produces light bulbs claims that their lightbulbs last 1500 hours, on average. You wonder if the average might differ from the 1500 hours that the firm claims. To explore this possibility you take a random sa ...

Amount of emails mean30find the probability that 20 emails

Amount of emails. Mean=30 Find the probability that 20 emails are received on the first day and 50 emails are received on the second day.

A researcher wants to determine if there is an association

A researcher wants to determine if there is an association between religious affiliation (e.g., Christian, Muslim, Jewish. Buddhist, Unaffiliated, etc.) and ethnicity (African American, Asian, American Indian, Whte, Othe ...

Explain the difference between profit and shareholders

Explain the difference between profit and shareholder's wealth maximization and, which of two should be goal of a business?

A media rental store rented the following number of movie

A media rental store rented the following number of movie titles in each of these catagories: 160 horrors, 242 drama, 114 mystery, 308 romance, and 134 comedy. If a person selects a movie to rent, find the probability th ...

We have a normal distribution with a mean of 71 and a

We have a normal distribution with a mean of 71 and a standard deviation of 11 What is the Z value of the value 62? Round to three decimal digits. show workings please

What is measured by the numerator of the z-score test

What is measured by the numerator of the z-score test statistic?

  • 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