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Hypothesis testing with one sample

Class Time: __________________________
Name: _____________________________________

  1. H 0 : _______
  2. H a : _______
  3. In words, CLEARLY state what your random variable X ¯ or P represents.
  4. State the distribution to use for the test.
  5. What is the test statistic?
  6. What is the p -value? In one or two complete sentences, explain what the p -value means for this problem.
  7. Use the previous information to sketch a picture of this situation. CLEARLY, label and scale the horizontal axis and shade the region(s) corresponding to the p -value.
    This is the frequency curve of a normal distribution with blank horizontal and vertical axes.
  8. Indicate the correct decision (“reject” or “do not reject” the null hypothesis), the reason for it, and write an appropriate conclusion, using complete sentences .
    1. Alpha: _______
    2. Decision: _______
    3. Reason for decision: _______
    4. Conclusion: _______
  9. Construct a 95% confidence interval for the true mean or proportion. Include a sketch of the graph of the situation. Label the point estimate and the lower and upper bounds of the confidence interval.
    This is the frequency curve of a normal distribution with blank horizontal and vertical axes.

Hypothesis testing with two samples

Class Time: __________________________
Name: _____________________________________

  1. H 0 : _______
  2. H a : _______
  3. In words, clearly state what your random variable X ¯ 1 X ¯ 2 , P 1 P 2 or X ¯ d represents.
  4. State the distribution to use for the test.
  5. What is the test statistic?
  6. What is the p -value? In one to two complete sentences, explain what the p-value means for this problem.
  7. Use the previous information to sketch a picture of this situation. CLEARLY label and scale the horizontal axis and shade the region(s) corresponding to the p -value.
    This is the frequency curve of a normal distribution with blank horizontal and vertical axes.
  8. Indicate the correct decision (“reject” or “do not reject” the null hypothesis), the reason for it, and write an appropriate conclusion, using complete sentences .
    1. Alpha: _______
    2. Decision: _______
    3. Reason for decision: _______
    4. Conclusion: _______
  9. In complete sentences, explain how you determined which distribution to use.

The chi-square distribution

Class Time: __________________________
Name: ____________________________________

  1. H 0 : _______
  2. H a : _______
  3. What are the degrees of freedom?
  4. State the distribution to use for the test.
  5. What is the test statistic?
  6. What is the p -value? In one to two complete sentences, explain what the p -value means for this problem.
  7. Use the previous information to sketch a picture of this situation. Clearly label and scale the horizontal axis and shade the region(s) corresponding to the p -value.
    This is a right-skewed frequency curve with blank horizontal and vertical axes.
  8. Indicate the correct decision (“reject” or “do not reject” the null hypothesis) and write appropriate conclusions, using complete sentences.
    1. Alpha: _______
    2. Decision: _______
    3. Reason for decision: _______
    4. Conclusion: _______

F distribution and one-way anova

Class Time: __________________________
Name: ____________________________________

  1. H 0 : _______
  2. H a : _______
  3. df ( n ) = ______ df ( d ) = _______
  4. State the distribution to use for the test.
  5. What is the test statistic?
  6. What is the p -value?
  7. Use the previous information to sketch a picture of this situation. Clearly label and scale the horizontal axis and shade the region(s) corresponding to the p -value.
    This is an unlabeled number line.
  8. Indicate the correct decision (“reject” or “do not reject” the null hypothesis) and write appropriate conclusions, using complete sentences .
    1. Alpha: _______
    2. Decision: _______
    3. Reason for decision: _______
    4. Conclusion: _______

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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