What will be the result if we conclude that the mean is 45 when the actual mean
Question:
What will be the result if we conclude that the mean is 45 when the actual mean is 50?
(i) We have made a type I error.
(ii) We have made a type II error.
(iii) We have made the correct decision.
Suppose we wish to test the hypothesis H0: μ = 45 vs. H1: μ > 45.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (7 reviews)
If we conclude that ...View the full answer
Answered By
Omar ELmoursi
I'm Omar, I have Bachelor degree in Business and Finance, My unique approach is to help students with questions and assignments, I can teach Business, Math, Accounting, Managerial Accounting, Economy, Human resources management, organizational behavior, project management, I have experience dealing with different types of students and teach them how to deal with different types of exercises.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
Suppose we wish to test the hypothesis H0: = 85 versus the alternative H1: > 85 where = 16. Suppose that the true mean is = 86 and that in the practical context of the problem this is not a departure...
-
Suppose you wish to test a hypothesis that two treatments, A and B, are equivalent against the alternative that the responses for A tend to be larger than those for B. a. If the number of pairs...
-
Suppose we wish to test the hypothesis H 0 : = 2 vs. H 1 : 2. We find a two-sided p-value of .03 and a 95% CI for of (1.5, 4.0). Are these two results possibly compatible? Why or why not?
-
In Problem, p is the price per unit in dollars and q is the number of units. If the weekly demand function is p = 30 - q and the supply function before taxation is p = 6 + 2q, what tax per item will...
-
What approaches other than a productivity bonus could the management team at the community health center have used to change Dr. Smith's practice patterns (see In Practice, Motivating a Primary Care...
-
If you were designing and implementing a reverse logistics process for your firm, what are the key factors you would consider for implementation, and why?
-
Your company has just announced a 7 percent price increase on your entire product line and you are meeting with your most important customer. She announces that your competitor has already been to...
-
The following transactions of Great Value Pharmacies occurred during 2018 and 2019: 2018 Mar. 1 Borrowed $390,000 from Bartow Bank. The six-year, 13% note requires payments due annually, on March 1....
-
The figure shown gives the position of a car moving in the x-direction as a function of time, x(t). Four times are marked by blue squares and labeled A - D. For which times is the acceleration of the...
-
You are considering the purchase of a new machine for a project. Details of this potential purchase are provided below. The project life is 3 years The machine costs $240,000 o You will pay cash for...
-
What will be the result if we conclude that the mean is greater than 45 when the actual mean is 45? (i) We have made a type I error. (ii) We have made a type II error. (iii) We have made the correct...
-
Which of the following sample results yields the smallest p-value and why? (i) x = 28, s = 6 (ii) x = 27, s = 4 (iii) x = 32, s = 2 (iv) x = 26, s = 9 Suppose we wish to test H 0 : = 30 vs. H 1 : ...
-
The GAAP fund balance classifications are described as reflecting a hierarchy of constraints on resource use. From the most constrained to the least constrained, what is the order of the hierarchy?...
-
Explain the meaning of the term current liabilities.
-
What is meant by the term operating capability, and why is information about it important?
-
What is meant by the term liquidity, and why is it important?
-
Explain how to calculate a business' return on owner's equity and how it relates to the return on total assets.
-
What is a balance sheet, and what types of questions can a user answer by studying the balance sheet?
-
Write a program for Horizon Phones, a provider of cellular phone service. Prompt a user for maximum monthly values for talk minutes used, text messages sent, and gigabytes of data used, and then...
-
For liquid water the isothermal compressibility is given by; where r and b are functions of temperature only. If 1 kg of water is compressed isothermally and reversibly from I to 500 bar at 60(C. how...
-
1. Use logistic-regression methods to assess whether presence of biliary secretions during the second period (any or none) is related to the type of hormone used during the second period? 2. Answer...
-
1. Use logistic-regression methods to assess whether the presence of biliary secretions during the second period is related to dose of hormone used during the second period (do separate analyses for...
-
Consider a subject cured if (1) the subject is a unilateral case and the ear clears by 14 days or (2) the subject is a bilateral case and both ears are clear by 14 days. Run a logistic regression...
-
Select an innovative business idea like smart bag . Then, design a plan for starting the business. You are required to prepare a TYPED report on the plan for setting up your business which includes:...
-
Name and explain 2 advantages of having a liquidated damages clause in the contract.
-
Methodology This study adopted a positivistic research paradigm and implemented a quantitative research approach which was deductive and cross-sectional in nature. A survey with self-administered and...
Study smarter with the SolutionInn App