Statistics for Management and Economics 11e Keller SM TestBank
Homework answers chapter 4-1 Measures of Central Location 4-2 Measures of Variability Introduction to Probability and Statistics Statistics for Management and Economics, ISBN: 9781337296946
Homework answers chapter 3.1 3.2 Introduction to Probability and Statistics Statistics for Management and Economics, ISBN: 9781337296946
All for this textbook (5)
Written for
University of Limpopo (UL)
Commercial maths (SCMA)
All documents for this subject (6)
Seller
Follow
sphesihlemkhumbane
Content preview
INTRODUCTION
TO HYPOTHESIS
TESTING
CHAPTER 2
By Setsweke Nkwane, Commercial Mathematics, Hypothesis Testing
, Concepts of Hypothesis Testing
■ A hypothesis test is a process that uses sample statistics to test
claim about the value of a population parameter.
■ A statistical hypothesis is verbal statement, or claim, about
population parameter is called a There are two general procedures f
making inferences about population:
A hypothesis test involves two hypotheses: the Null Hypothesis an
Alternative
■ A null hypothesis is a statistical hypothesis to be tested. We use th
symbol H0 to represent the null hypothesis.
■ An alternative hypothesis s the complement of the null hypothesis.
is a statement that must be true if H0 is false. We use the symbol Ha
H1 to represent the alternative hypothesis.
■ At the end of the test, one of two decisions will be made: 1. reject th
null hypothesis, or 2. fail to reject the null hypothesis.
By Setsweke Nkwane, Commercial Mathematics, Hypothesis Testing
, Stating a Hypothesis
The hypothesis tests about a population parameter may take o
three forms: the first uses an equality in the null hypothesis
last two use inequalities in the null hypothesis;. For hypoth
tests involving a population mean, we let 𝜇0 denote
hypothesized value and we must choose one of the following t
forms for the hypothesis test.
By Setsweke Nkwane, Commercial Mathematics, Hypothesis Testing
, Three choices are possible for the alternative hypothesis.
■ If the primary concern is deciding whether a population, 𝜇, is different from
specified value 𝜇0 , we express the alternative hypothesis as
𝐻𝑎 : 𝜇 ≠ 𝜇0
A hypothesis test whose alternative hypothesis has this form is called a two-tailed/side
test.
■ If the primary concern is deciding whether a population, 𝜇, is greater than a specifie
value 𝜇0 , we express the alternative hypothesis as
𝐻𝑎 : 𝜇 > 𝜇0
A hypothesis test whose alternative hypothesis has this form is called a right-tailed/side
test.
■ If the primary concern is deciding whether a population, 𝜇, is less than a specifie
value 𝜇0 , we express the alternative hypothesis as
𝐻𝑎 : 𝜇 < 𝜇0
A hypothesis test whose alternative hypothesis has this form is called a left-tailed/side
test.
By Setsweke Nkwane, Commercial Mathematics, Hypothesis Testing
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 sphesihlemkhumbane. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.72. You're not tied to anything after your purchase.