0
What else can I help you with?
List the 5 steps of hypothesis testing and explain the procedure and logic of each Specify the null and alternative hypothesis Select a significance level typically 0.05 or the 0.01 level is used?
what is an example of a hypothses about compensation?
What is another name for the probability of observing a sample value at least as extreme as a given on under a null hypothesis?
The significance level of the observation - under the null hypothesis. The significance level of the observation - under the null hypothesis. The significance level of the observation - under the null hypothesis. The significance level of the observation - under the null hypothesis.
Distinguish between the significance level and the confidence level?
The significance level, often denoted as alpha (α), is the probability of rejecting the null hypothesis when it is actually true, typically set at values like 0.05 or 0.01. In contrast, the confidence level refers to the percentage of times that a confidence interval would contain the true population parameter if the same sampling procedure were repeated multiple times, commonly expressed as 90%, 95%, or 99%. Essentially, the significance level relates to hypothesis testing, while the confidence level pertains to estimation through intervals. Both concepts are fundamental in inferential statistics but serve different purposes in data analysis.
Which level of measurement in statistics is used for weight?
Ration- the highest level of measurement in terms of statistics which it is an absolute zero, and It is under the quantitative variable(numerical).
Is statistics or calculus easier?
The answer depends on your aptitude and the level at which you are studying them.
Explain the significance and issues in micro level planning?
importance of micro planning
Explain numerical statements of facts that are not statistics?
all statistics are numerical statement but all numerical statement s of are not statistics explain
Which level of measurement is the highest in statistics?
Ratio level of measurement is the highest in statistics.
What and who determines the alpha level in statistics?
Before conducting a significance test, the statistician will choose an alpha level. Depending upon the severity of having type I or type II error, the statistician will make the alpha level higher or lower. Generally in courts, the alpha level is .05. The other common alpha levels for significance tests are .10 and .01.
Explain the significance of limited liability to sole trader and partnership?
Type Explain the significance of limited liability to sole trader
How are statistics used in the workplace?
Statistics are used in the workplace to explain money and buying trends for example. Statistics say what people will spend and when for example.
What level of measurement do most inferential statistics rely upon?
Level of measurement most inferential statistics rely upon is ratio.
List the 5 steps of hypothesis testing and explain the procedure and logic of each Specify the null and alternative hypothesis Select a significance level typically 0.05 or the 0.01 level is used?
what is an example of a hypothses about compensation?
Lowest level of measurement in statistics?
Lowest level of measurement in statistics is nominal.For example, 20% are Catholics, 30% are Protestants and 50% are Mormons.
How do you explain the working of Letter of Credit?
Explain the significance of letter of credit in international marketing?
What is another name for the probability of observing a sample value at least as extreme as a given on under a null hypothesis?
The significance level of the observation - under the null hypothesis. The significance level of the observation - under the null hypothesis. The significance level of the observation - under the null hypothesis. The significance level of the observation - under the null hypothesis.
Explain what is meant by Terms of Trade and why it is an important economic statistics?
yes
