Exam (elaborations)
MGSC 291 EXAM 2 University of South Carolina (1)
- Course
- Institution
MGSC 291 EXAM 2 University of South Carolina (1)
[Show more]
Seller
Follow
topgradesdr
Content preview
MGSC 291 EXAM 2 University of South Carolinaparameter= some hypothesized value
= grater than or equal to, less than or equal to - ANS-Null Hypothesis
uses
not =, <, > - ANS-Alternative Hypothesis
the probability given that the null hypothesis is true, of observing a test statistic that extreme or
more extreme in the direction go the alternative hypothesis - ANS-P-Value
Reject Ho (find for Ha)
Fail to reject Ho (do not find for Ha) - ANS-What are the two possible decisions for a hypothesis
P < 0.001, overwhelming evidence
P < 0.01, strong evidence
P < 0.05, sufficient evidence
P < 0.10, marginal evidence
P > 0.10, little to no evidence - ANS-p-values and their significances
Reject Ho if Ho is true - ANS-Type 1 Error
(Could make a Type I error if you reject HO
probability of a Type I error = α (the significance level of the test))
Fail to reject Ho if Ho is false - ANS-Type 2 Error
(definition
Could make a Type II error if you fail to reject HO
Probability of a Type II error = β
1 - β = power)
1-B00000
increase alpha= increase power
increase n= increase power
lower std dev= larger power - ANS-Power
relies on another variable - ANS-Dependent Sample
rely on nothing - ANS-Independent Sample
- ANS-One-Way ANOVA (Analysis of Variance)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller topgradesdr. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78677 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now