100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
OMIS 41 Final Question and answers already passed £11.01   Add to cart
Quickly navigate to
Preview
  2.  
  3. OMIS
  4.  
  5. OMIS

Exam (elaborations)

OMIS 41 Final Question and answers already passed

 4 views  0 purchase
  • Module
  • OMIS
  • Institution
  • OMIS

OMIS 41 Final Question and answers already passed OMIS 41 Final If there are two unbiased estimators of a population parameter, the one whose variance is smaller is said to be - correct answer relatively efficient The letter α in the formula for constructing a confidence interval estimat...

[Show more]

Preview 1 out of 3  pages

Document information

  • November 5, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • omis 41 final
  • omis 41 final question and answers already passed

Written for

  • OMIS
  • OMIS

Seller

avatar-seller
Academia199

Reviews received

Content preview

OMIS 41 Final
If there are two unbiased estimators of a population parameter, the one whose
variance is smaller is said to be - correct answer ✔relatively efficient


The letter α in the formula for constructing a confidence interval estimate of
the population mean is - correct answer ✔the level of significance


Which of the following increases confidence interval width - correct answer
✔decrease sample size


Type I error is committed if we make - correct answer ✔an incorrect decision
when the null hypothesis is true


The criterion always used to determine the appropriate null and alternative
hypotheses is - correct answer ✔the most expensive error should be type 1


The Food and Drug Administration is evaluating the effectiveness of a new
birth control pill developed by a major drug company. After extensive field
trials, the FDA analyzes the data utilizing inferential statistics. What null and
alternative hypotheses should the FDA use when testing the effectiveness of
this new pill - correct answer ✔H0: the pill is not effective
H1: the pill is effective


Suppose you choose the following answer in Question #12: H0: The pill being
tested is effective and is ready to be marketed to the general public. H1: The
pill being tested is not effective and should not be made available to the
general public. What would the Type I error be for these null and alternative
hypotheses - correct answer ✔pill is effective but not sold

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

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 Academia199. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £11.01. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£11.01
  • (0)
  Add to cart