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A: Which of these measurement scales (nominal, ordinal, interval and ratio) can be handled through hypothesis testing?
B: What are the five steps in hypothesis testing? Is the order important? Why or why not?
C: Just what do we mean by "test statistic"?
D: Why do null and alternative hypotheses have to be mutually exclusive?
E: A z-score table shows probability values for a portion of the normal. How would you arrive at a probability value (given in the z-score table) to reflect a two-tailed hypothesis? How would you arrive at a probability value to reflect a one-tailed hypothesis?
Provide one example in the accounting department that you can apply a contingency table to. Briefly explain how a contingency table can be useful.
An accounting firm is planning for the next tax preparation season. From last year's returns, the firm collects a systematic random sample of 100 filings.
When using dummy variables in a regression equation to model a qualitative or categorical variable, the number of dummy variables should equal to
For each of the F statistics given above find the degrees of freedom and an approximate P-value. Summarize the results of these tests.
The U.S. Congress enacted legislation in 2005 authorizing Block Grants to cities as part of an Anti-Crime initiative. The grant monies are to be used to hire additional police officers for conducting beat patrols in high crime areas.
Calculate the mean and standard deviation of the following data sets, then produce a five number summary and box plot of data.
If your ANOVA shows no interaction between two factors: A) You must re-run the ANOVA in minitab without replicates. B) Start over taking more samples, the current results aren't valid without showing an interaction.
A communication network transmits binary digits, 0 to 1, where each digit is transmitted 10 times in succession. During each transmission, there is a 0.995 probability of accurate transmission.
A restaurant has an ice cream counter where it sells two main products, ice cream and frozen yogurt. The restaurant makes one order for ice cream and yogurt each week, and the store has enough space for 115 gallons of both products.
A suburban hotel derives its gross income from its hotel and restaurant operations. The owners are interested in the relationship between the number of rooms occupied on a nightly basis and the revenue per day in the restaurant.
The mean score for freshman on an aptitude test at a certain college is 800 with a standard deviation of 50. That is the probability that two groups of students selected at random, consisting of 36 and 49 students, respectively, will differ in the..
Generate survival times X from an exponential distribution with rate lambda=1 with a censoring distribution C being exponential with rate theta = 2/3. Then Plot Kaplan-Meier Survival curve estimates along with true survival curve for n=25,100,1000..
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