Making decision - hypothesis testing, Operation Research

Assignment Help:

Making Decision

Lastly a decision  should  be arrived as to whether the null  hypothesis is  to be accepted  or rejected. In  this regard the value  of the test  statistic computed to test the  hypothesis plays  a very important role. If the  computed value of the test  statistic is less than  the  critical  value the computed value of the test statistic falls in the acceptance region and  null  hypothesis is accepted. If the computed value of the test  statistic  is greater than  the critical  value the  computed value of  the test statistic fall in the rejection region  and null hypothesis  is rejected. Usually  5% level of significance α = 0.05 is used  in testing  a hypothesis  and  taking a decision unless otherwise  any other level of significance is specifically stated.


Related Discussions:- Making decision - hypothesis testing

Metholodolgy, metholodolgy of operational research

metholodolgy of operational research

Simple line graphs , Simple Line Graphs a. Simple  Histogram A simpl...

Simple Line Graphs a. Simple  Histogram A simple histogram  is a techniques  used  plotting  a time  series on the graph paper. The data are arranged according to  the time

Demerits of range - measure of dispersion , Demerits  of Range a.It g...

Demerits  of Range a.It gives  importance  to the  two  extreme  values and is very much affected by the extreme items. b.The range  provides  no information  about the  st

Explain research terminology, Q. Explain Research Terminology? Research...

Q. Explain Research Terminology? Research Terminology - Independent and Dependent variables: There are many practical problems in which the values of one variable depend upon t

Waiting queques, During busy times, 60 potential customers per hour arrive ...

During busy times, 60 potential customers per hour arrive at the booth (assume a Poisson distribution). A booth worker takes 5 minutes, on average, to meet the information needs of

Trade literature - classification of documents, Trade Literature: Trad...

Trade Literature: Trade literature consists of documents that give information on the processes and materials involved in the manufacture of a product, various types of produc

Do it - report writing presentation , Do it  Everything  about  the...

Do it  Everything  about  the presentation is  ready and so  are you. The only  things  left if to face the audience in a confident and positive  manner and leave a mark on

Answering question to find shortest path, Answering Question to Finding Sho...

Answering Question to Finding Shortest Path - Operation Research Assignment Help Finding answers for shortest path problems are quite interesting and not easy to solve. In solv

Functions and objects of statistical average , Normal 0 false...

Normal 0 false false false EN-IN X-NONE X-NONE

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd