As you will see later on, one way to perform statistical inference is based on conditional probabilities.
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As you will see later on, one way to perform statistical inference is based on conditional probabilities. That is, a person wishing to infer on whether μ > 22 may find the probability of some event E given μ = 22. If P(E|μ = 22) ≤ 0.05, then they decide μ > 22. Suppose it was found that P(E|μ = 22) = 0.33. Should they decide that μ > 22?
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To decide whether 22 based on the given information we need to consider t...View the full answer
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Related Book For 
Principles Of Managerial Statistics And Data Science
ISBN: 9781119486411
1st Edition
Authors: Roberto Rivera
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