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Write up answers (1-2 pages in length) to each of the following.
1. The essential components of hypothesis testing are the null hypothesis, the alternative hypothesis, and the level of significance.
o Define each.
o What determines whether the alternative hypothesis will be one or two tailed?
2. What statistical procedure is appropriate if the purpose of a study is to establish the relationship between two or more variables and to use the relationship to predict the value of one of the variables, based on the value of the other variables? What statistical procedure is appropriate if we wish to compare more than two groups?
Compile all your answers in one Word document.
One reference for each question is required
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What is the probability that a simple random sample of auto insurance policies will have a sample mean within $25 of the population mean for each of the following sample sizes: 30, 50, 100, and 400.
question the financial aid office of a university asks a sample of students about their employment and earnings. the
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