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Answer the following discussion questions:
1. When our test statistic does NOT fall into the critical region, why do we say that we "Fail to reject the Ho" rather than just saying we accept the Ho?
2. Explain the difference between a one- and a two-tail test. When is each used?
3. What is a "P" value and why do we need it? (Hint: What does it give us in addition to our alpha?)
4. Did we show beyond a reasonable doubt that Dusty was not telling the truth?
5. Why do statisticians shudder at the word "prove" and use words like support, accept the H1, reject the Ho, etc.?
A report on the U.S. economy indicates that 28% of Americans have experienced difficulty in making mortgage payments. A news organization randomly sampled 400 Americans from 10 cities named the "fastest dying cities in the U.S."
Define and mention characteristics of normal probablity curve, Distinguish a group of 500 people into three groups assuming that the attribute of grouping is normally distributed.
Graph the least-squares line on your scatter diagram. Be sure to use the point (x, y) as one of the points on the line.
Survey was mailed to a total of 400 students; 100 were randomly selected from each of the freshman, sophomore, junior and senior classes last semester. What sampling method was used?
Please explain the difference between confidence interval and significance level and how they interact or "influence" each other.
Write all the possible samples of size 2 and calculate the average or median of each one.
given two original random variables x and y suppose that we modify one of them by adding a constant w a x. how does
Advertising coefficient is 200 and t stat is 1.75. Which of the following statements is an accurate interpretation of the situation when using an alpha of .10
Develop mathematical functions that compute the annual ordering cost and annual holding cost based on average inventory held throughout the year in order to arrive at a model for total cost.
a shipment of 20 cameras include 3 that are defectivegt what is the minimum number of cameras that must be selected
What is the probability that tomorrow's return on your investment in ABC is somewhere between -1% and +.5%?
Assume that these distributions are distributed as normal random variables with the means and standard deviations given previously. Find the probability that the return for common stocks will be greater than 8%.
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