What is the central limit theorem

Reference no: EM131405378

1. What is the central limit theorem, and how is it applicable to hypothesis testing?

2. If the population standard deviation is known, but the sample size is less than 30, what assumption is necessary to use the z-statistic in carrying out a hypothesis test for the population mean?

Reference no: EM131405378

Questions Cloud

What role does it play in the hypothesis testing procedure : In hypothesis testing, what is meant by the decision rule?- What role does it play in the hypothesis-testing procedure?

Create and describe a comprehensive security policy : An infrastructure document and a revised project plan. You must submit both sections as separate files for the completion of this assignment. Label each file name according to the section of the assignment it is written for. Additionally, you may ..

Formulate a null hypothesis and an alternative hypothesis : Formulate a null hypothesis and an alternative hypothesis for this situation. Will the test be one-tail or two-tail? Why? If the test is one-tail, will it be left-tail or right-tail? Why?

What is the central limit theorem : If the population standard deviation is known, but the sample size is less than 30, what assumption is necessary to use the z-statistic in carrying out a hypothesis test for the population mean?

Determining the functions of a bank : What key areas or functions of a bank or other financial firm are regulated today?

What is p value and how is it relevant to hypothesis testing : The p-value for a hypothesis test has been reported as 0.03. If the test result is interpreted using the α = 0.05 level of significance as a criterion, will H0 be rejected? Explain.

What is most accurate statement we can make about p value : A hypothesis test is carried out using α = 0.01 the level of significance, and H0 cannot be rejected. What is the most accurate statement we can make about the p-value for this test?

Analyze the impact of economic factors on the development : Analyze the impact of economic factors on the development of IT strategy decisions at the enterprise level of the organization.Review IT strategy methodology on page 88 of the Lane text. Explain how the IT strategy methodology can be developed to m..

User Account

All Pages