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let X have one of the following distributions:
X: x1 , x2 , x3 , x4H0: 0.2 , 0.3 , 0.3 , 0.2H1: 01 , 0.4 , 0.1, 0.4
if the prior probabilities are P(H0)= P(HA) which outcomes favor H0?what prior probabilities correspond to the decision rules with a= 0.2 and a =0.5
The neyman pearson paradigmThe probabilities of type 1 error is called the significance level of the test.
What is the difference between the probability value and the significance level? Please, also provide examples.
Conduct a marketing experiment in which students are to taste one of two different brands of soft drink
What is the approximate probability that the combined weight of 25 items exceeds 445 ounces? What theorem is useful in answering this question?
The project requires you forecast the historical data, replicating the appropriate trends, seasonalities, week-over-week variability, etc. Please refer to the chapter and materials on Forecasting for the procedures to do.
Find the probability of each value of X. Draw a histogram to display this distribution. (Because probabilities are long-run proportions, a histogram with the probabilities as the heights of the bars shows what the distribution of X would be in ver..
Do you think the state has any intention of ever stopping the lottery, given the fact that the state relies on it to bring millions of dollars into its treasury?
An advantage of the permutation test over the t test for a difference in means, can Permutation tests be used for tests when we believe the two populations differ under the null hypothesis.
Suppose the world series is about to begin. Some people get together and each decide to predict different win-loss patterns for the seven possible games during the coming series.
Significant increase in the mortality of lung cancer in both genders, but no significant effect was observed at lower levels." Is this an observational study or an experiment? Fully explain your reasoning.
Taking α to be 0.05, what is/are the critical values associated with testing your hypothesis?
Each year approximately 160 colleges compete in national concrete canoe competion. Each team should design a seaworthy canoe from a substance not known for its capacity to float. T
A comparison between products manufactured in China VS Mexico and their perceived quality to the US consumer based on manufacturing location.
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