Questions from Business Statistics


Q: Why are critical t values generally larger than1.960 for a

Why are critical t values generally larger than1.960 for a two-sided 95% confidence interval?

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Q: a. What confidence levels other than 95% are in common

a. What confidence levels other than 95% are in common use? b. What would you do differently to compute a 99% confidence interval instead of a 95% interval? c. Which is larger, a two-sided 90% confide...

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Q: What p-value statement is associated with each of the following

What p-value statement is associated with each of the following outcomes of a hypothesis test? a. Not significant. b. Significant. c. Highly significant. d. Very highly significant.

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Q: Suppose you have an estimator and would like to test whether or

Suppose you have an estimator and would like to test whether or not the population mean value equals 0. What do you need in addition to the estimated value?

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Q: What standard error would you use to test whether a new observation

What standard error would you use to test whether a new observation came from the same population as a sample? (Give both its name and the formula.)

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Q: Suppose you learn that the p- value for a hypothesis test

Suppose you learn that the p- value for a hypothesis test is equal to 0.0217. What can you say about the result of this test?

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Q: What is new and different about analysis of bivariate data compared to

What is new and different about analysis of bivariate data compared to univariate data?

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Q: Are Kellerman’s conclusions correct?

Are Kellerman’s conclusions correct?

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Q: Do exercise 3 using the experiences instead of the salaries.

Do exercise 3 using the experiences instead of the salaries. Data from exercise 3: Continuing with the sample from the preceding exercise: a. Find the population mean for salary. (Note: In real life...

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Q: What can be done with multivariate data?

What can be done with multivariate data?

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