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Determining steps in the hypothesis testing procedure

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Reference no: EM1397950

How is an ANOVA used, what is the difference between comparing mean and comparing variances, what are the differences between one-way and two-way ANOVA?

What are the five steps in the hypothesis testing procedure, what does each step represent, what are the advantages and disadvantages of using a hypothesis testing procedure?

What is the significance of a 5% significance level? Why would you choose 5% as opposed to 10%? What are the statistically accepted guidelines for significance levels?

Reference no: EM1397950

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