Ryan-joiner - normal probability plot, Applied Statistics

Assignment Help:

The Null Hypothesis - H0:  The random errors will be normally distributed

The Alternative Hypothesis - H1:  The random errors are not normally distributed

Reject H0: when P-value ≤ α = 0.05

210_Normal Probability Plots1.png

As the P value is 0.010 it is less than the 0.05 significance level therefore reject H0 and accept H1 as there is sufficient evidence to suggest that random errors are not normally distributed. The assumption of normality is possibly satisfied as the normal probability plot is close to the straight line.


Related Discussions:- Ryan-joiner - normal probability plot

Statistical generalisations, From the information given, what seems to be t...

From the information given, what seems to be the main flaw in each of the following statistical generalisations? (i) Banking industry employees are facing a crisis, if their

Its a portfolio assignment, i m doing MBA in singapore and i want a good wo...

i m doing MBA in singapore and i want a good work. i want a data for 200 observations and then answers for some questions. and i need the data to be approved by our professor first

Managerial report, A. Compute descriptive statistics for each stock and the...

A. Compute descriptive statistics for each stock and the S&P 500. Comment on your results. Which stocks are most volatile?

Scatter diagram - correlation analysis, Scatter Diagram The first step ...

Scatter Diagram The first step in correlation analysis is to visualize the relationship. For each unit of observation in correlation analysis there is a pair of numerical value

Agreement, Agreement The degree to which different observers, raters or ...

Agreement The degree to which different observers, raters or diagnostic the tests agree on the binary classification. Measures of agreement like that of the kappa coefficient qu

Geometric mean, Geometric Mean The geometric mean   of numbers is defin...

Geometric Mean The geometric mean   of numbers is defined as the th root of the product of numbers .It is obtained by multiplying all the values of a variable and then extracti

Calculate the one year interest rate, A.The coupon rate of Erie-Chicago Rai...

A.The coupon rate of Erie-Chicago Rail is 7%. The interest rate of Florida municipal bond with equal risk is 6%.  At what tax rate the two bonds are as good as each other B.Supp

Inverse market demand, There are two types of drivers, high-risk drivers wi...

There are two types of drivers, high-risk drivers with an accident probability of 2=3 and low risk drivers with an accident probability of 1=3. In case of an accident the driver su

Accelerated failure time model, Accelerated Failure Time Model A basic m...

Accelerated Failure Time Model A basic model for the data comprising of survival times, in which the explanatory variables measured on an individual are supposed to act multipli

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