Question: Explain how you would use the p-value and the level of significance to decide on the null hypothesis. When do you reject and don't reject

  1. Explain how you would use the p-value and the level of significance to decide on the null hypothesis. When do you reject and don't reject the null hypothesis?
  2. Based on your answer to part one, what is the wording you use for the alternative hypothesis?
  3. If I conduct a hypothesis testing with Type I error ( or level of significance) set at 0.05 and a resulting p-value of 0.01, what would my conclusion be when it comes to the null hypothesis?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...

Q:

Australian International Training Academy Pty Ltd t/a My Business College (MBC) ABN: 76 141 358 045 CRICOS Provider Code: 03694G National Provider Code: 45368 Level 4,225 Clarence Street, Sydney, NSW...

Q:

: (i) What data structures are maintained by the page manager. (ii) What happens when a machine performs a read operation to a page. (iii) What happens when a machine performs a write operation to a...

Q:

Define and explain the Bioptic Telescope

Q:

On January 1, Year 1, the Gatrong Corporation purchased 12%, five-year Fleming Corporation bonds with a face value of $200,000. It expects to hold these bonds until maturity. The bonds pay interest...

Q:

1-17. As a consumer, what other metrics would you suggest that might reflect benefits of sustainability initiatives that would motivate you to purchase from one provider or the other?

Q:

Where do the authors work?

Q:

Recovery Enterprises sells a product for $ 90 per unit. The variable cost is $ 60 per unit, while fixed costs are $ 45,000. Determine (a) The break-even point in sales units (b) The break-even point...

Q:

Sarita Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $67,000. The machine's useful life is estimated at 10 years, or 420,000 units of...

Q:

2. Capital Income and Savings Taxation Consider a 2 period model of retirement savings in which individuals earn labor income Y from working in period 1 and do not work in period 2 (retirement)....

Q:

Sunita is unable to use an HR tool that was implemented last year in her firm. The tool encourages participation and interaction between employees and the management. The tool gives complete...

Q:

Visitthe Real Estate Institute for real estate agents in Western Australia and provide a brief outline on how they represent the industry?

Q:

A closed, rigid tank having a volume of 3 m ^ 3 initially contains air at 1 0 0 \\ you C , 4 . 4 bar, ^ and 4 0 % relative humidity. Determine the heat transfer, in kJ , if the tank contents are...

Q:

a) Analyse the reaction forces at support A and D. b) Compute the bending moment at B. CoursHeroTranscribedText A 275N B C y = 3 = f(x) = 5x - 3 100 7m 3m 10m D

Q:

Quantities on contamination. Regularly it is pushed that contamination decreases ought to be accomplished via tradeable outflows licenses, which if unreservedly exchanged may guarantee that decreases...

Q:

The auditor is concerned with authorization of sales transactions at three key points. Which of the following is not one of those points? (Points : 3) Credit authorization Shipment of inventory to...

Q:

For the following exercises, rewrite the sum as a product of two functions or the product as a sum of two functions. Give your answer in terms of sines and cosines. Then evaluate the final answer...

Q:

=+b) How large is the margin of error?

Q:

2. Felicia is extremely insecure and lacks a clear sense of identity. She often clings to new friends and then hates them a month later. She has an intense fear of abandonment and rejection. Felicias...

Q:

=+a) As their sample size increases, whats the expected shape of the distribution of amounts purchased in the sample?