Question: QUESTION 7 When using the confidence interval method for hypothesis testing, if the calculated confidence interval does not contain the value of the null hypothesis,

QUESTION 7 When using the confidence interval method for hypothesis testing, if the calculated confidence interval does not contain the value of the null hypothesis, then you should a. calculate a new confidence interval that does contain the value of the null hypothesis. b.fail to reject the null hypothesis. C. reject the null hypothesis. d. reject the alternative 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 Finance Questions!

QUESTION 10 The confidence interval method for hypothesis testing at the 95% level) relies on the fact that O a. percent of all confidence intervals that could be constructed contain the true value...

The confidence interval method for hypothesis testing (at the 95 percent level) relies on the fact that: a. 95 percent of all sample statistics are correct. b. the observed sample statistic is...

Which of the following is NOT a requirement for testing a claim about a population mean with 0 known? Choose the correct answer below. 0 A. The sample is a simple random sample. 0 B. Either the...

A sports drink manufacturer is trying to appeal to a new niche market and creates three new flavours: "goji berry & chia" (GC), "lime & flax-seed" (LF) and "kale & spinach" (KS). They wish to market...

1 (Use MegaStat to answer this question) After the solution copy and pase the MegaStat output. A real estate agent claims that the mean price of houses is different from 17.8 thousand dollars. To...

Kindly help me with this whole blood platelet fresh plasma PROBLEM: The goal of a study in 2005 by Potteiger et al. was to evaluate the effects of dextrose 1 11 10 13 different blood components on...

I need help please. Binge Drinking Among College Students Binge drinking is defined by the US Department of Health and Human Services as the consumption of five or more drinks in a row for men and...

Kindly help me with this whole blood platelet fresh plasma PROBLEM: The goal of a study in 2005 by Potteiger et al. was to evaluate the effects of dextrose 1 11 10 13 different blood components on...

QUESTION 16 The relationship between the probabilities of committing type 1 or type 2 error for any given sample size is A. Approximately 50-50 B. Unimportant C. Direct D. Inverse E. All of the above...

The objective of the Homework assignment is to provide an opportunity to apply or practice the tools and techniques covered in the course and to provide an opportunity to articulate key concepts...

If the radius of a circular garden plot is increased by 25%, by what percentage does the area of the garden increase?

Shenzhen Co. uses the percentage-of-receivables basis to record bad debts expense. It estimates that 1% of accounts receivable will become uncollectible. Accounts receivable are Y450,000 at the end...

Venture capital firms are _ _ _ _ _ _ _ _ of money managers who raise money to invest in startups and growing firms. Question content area bottom Part 1 A . business angels B . financial...

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...