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Please answer one of the following questions. 1) What is the purpose of calculating a test statistic? How does this value describe how the sample data either supports or contradicts a claim? 2) How does one decide between using a one-tailed or a two-tailed hypothesis test? Is there an advantage to using one over the other? 3) In a clinical trial for a new medical treatment, it is claimed that the probability of lethal side effects are less than 0.01%. The FDA is conducting the clinical trial to determine whether the treatment is safe enough to release to the market. The FDA will consider the treatment safe if there is evidence that claim above is true. Describe a Type I error and a Type II error for this scenario. Which of the two erros has more severe consequences? Note: Only one question needs to be answered and explained. Other Requirements: Please answer one of the following questions. 1) What is the purpose of calculating a test statistic? How does this value describe how the sample data either supports or contradicts a claim? 2) How does one decide between using a one-tailed or a two-tailed hypothesis test? Is there an advantage to using one over the other? 3) In a clinical trial for a new medical treatment, it is claimed that the probability of lethal side effects are less than 0.01%. The FDA is conducting the clinical trial to determine whether the treatment is safe enough to release to the market. The FDA will consider the treatment safe if there is evidence that claim above is true. Describe a Type I error and a Type II error for this scenario. Which of the two erros has more severe consequences?
A mean of 45 months and a standard deviation of 8 months. if a random sample of 600 batteries is selected, how many batteries would weigh last more than 48 months?
What is the probability of making a Type II error if the population mean is 24,000 miles?
Average (arithmetic mean) of 15 years with a standard deviation of 4 years. How does the relative dispersion in the distribution of salaries compare with that of the lengths of service?
What type of statistical test best assesses the relationship between job satisfaction and level of stress and what test would be appropriate to determine whether the difference between men and women is real or due to chance variation?
Of those who made no purchase, 201 were happy with the service and 221 were not. Use probability rules (when appropriate) to find the probability that a shopper made a purchase.
An investigator wants to design a study to estimate the difference in the proportions of men and women who develop early onset cardiovascular disease
Elephant came up twice as often as any other animal but that all the other animals came up equally often. Assuming there results were true, the probability of tossingan elephant is?
A better case can be made that observation 13 (Los Arboles) is an outlier. Describe what this means in plain terms.
Suppose that a random sample of fifteen recently sold houses in a certain city has a mean sales price of $290000 , with a standard deviation of $15,000.
Think of a case in which regression analysis was used, but not properly. For instance, discuss situations in which regression analysis is not appropriate and does not add useful information to our understanding of a set of data.
Compare your best difference to the result from an ordinary two-sample t-test between these groups. Comment the difference.
The probability that merchandise stolen from a store will be recovered is 15%. Suppose a random sample of 8 stores, from which merchandise has been stolen, is chosen. Find the mean μ of this probability distribution.
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