You just finished getting your data

Assignment Help Basic Statistics
Reference no: EM13155870

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

Reference no: EM13155870

Questions Cloud

Describe why it is dangerous to mix solutions in a test tube : explain why it is dangerous to mix solutions in a test tube by placing a finger
Probability that number of serious injuries will be less : Given that the safety conditions at the plant remain the same next year, what is the probability that the number of serious injuries will be less than 2?
Calculate [au3+] if [cu2+] = 1.20 m : A voltaic cell consists of an Au/Au3+ electrode (E° = 1.50 V) and a Cu/Cu2+ electrode (E° = 0.34 V). Calculate [Au3+] if [Cu2+] = 1.20 M and Ecell = 1.13 V at 25°C.
Necessity of moment function : necessity of moment function
You just finished getting your data : 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
Discuss why if most people are risk-averse they gamble : Classify each of the following scenarios as an example of adverse selection or moral hazard. Be sure to support your answer! Nordstrom†TM s cannot predict who is going to be a good shoe salesperson.
Calculate the volume, in liters, : calculate the volume, in liters, occupied by 3.25 moles of Cl2 gas at 1.54 atm pressure and a temperature of 213 degrees celcius?
Evidence-company-s light bulbs differs from advertised mean : Assume that the bulb life is normally distributed. At the 10% significance level, do the data provide evidence that the mean life for the company's light bulbs differs from the advertised mean?
What decision would maximize expected profits? : a. What decision would maximize expected profits? b. What is the maximum amount that should be paid for a perfect forecast of the economy?

Reviews

Write a Review

Basic Statistics Questions & Answers

  What average must exceed to obtain an a

The next 20% a B, the next 42% a C, the next 18% a D and the bottom 12% an F. What average must you exceed to obtain an A?

  Critical values associated with testing your hypothesis

Taking α to be 0.05, what is/are the critical values associated with testing your hypothesis?

  Test with a population mean

On a test with a population mean of 75 and standard deviation equal to 16, if the scores are normally distributed, what percentage of scores fall below a score of 83.8?

  Statistics problem-reserved airline seats

The number of customers who have requested a reservation at full fare for this flight in the past always has a normal distribution with mean 40 and standard deviation 10. Determine how many seats should be reserved for customers who pay full fare.

  Find extreme value or is it a fairly typical sample mean

Extreme value or is it a fairly typical sample mean? For a sample of n=36 scores, would a sample mean of M=55 be considered an extreme value or is it is fairly typical sample mean?

  Recognize sample-population-sample statistic

Recognize sample, population, sample statistic, and population parameter: Nasonex is the drug used to treat allergy symptoms.

  Estimating the probability values using normal distribution

Compute z values for each and comment on your findings.

  Explain traditional method and web-based self-paced method

Different methods - a traditional method, and a web-based self-paced method. Can he conclude, at α = .05, that the test scores in the web-based self-paced method are lower?

  Standard deviation to find the z-score

Use the population mean and standard deviation to find the z-score corresponding to 14.5%, the rate offered by the Bar Harbor Bank and Trust Company. Is this above or below the average?

  Estimate the average time spent on computer terminals

Sample of 81 business students over a one-week period. Assume the population standard deviation is 1.8 hours. with a ,95 probability, the margin of error is approximately.

  Question on frequency distributions

The following is the number of minutes to commute from home to work for a group of automobile executives.

  Determining confidence interval for true mean cost

Determine a 95% confidence interval for true mean cost to repair this type of car.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd