Qmb 3200 ucf test 2 2024 - Study guides, Class notes & Summaries

QMB 3200 UCF TEST 2 - DEFINITIONS QUESTIONS AND ANSWERS 2024

level of significance -ANSWER The probability of making a Type I error when the null hypothesis is true as an equality the null hypothesis. -ANSWER In hypothesis testing, the tentative assumption about the population parameter is called: Which of the following describes a Type II Error? -ANSWER Accept H0 when H0 is false. Whenever the probability of making a Type II error has not been determined and controlled, only two conclusions are possible. We either reject H0 or: -ANSWER do not re...

One-tailed tests - ANSWERSA hypothesis test in which rejection of the null hypothesis occurs for values of the test statistic in one tail of its sampling distribution. null hypothesis - ANSWERSThe hypothesis tentatively assumed true in the hypothesis testing procedure. alternative hypothesis - ANSWERSThe hypothesis concluded to be true if the null hypothesis is rejected. Type II error - ANSWERSThe error of accepting H0 when it is false. Type I error - ANSWERSThe error of rejecting H0...

One-tailed tests - ANSWERSA hypothesis test in which rejection of the null hypothesis occurs for values of the test statistic in one tail of its sampling distribution. null hypothesis - ANSWERSThe hypothesis tentatively assumed true in the hypothesis testing procedure. alternative hypothesis - ANSWERSThe hypothesis concluded to be true if the null hypothesis is rejected. Type II error - ANSWERSThe error of accepting H0 when it is false. Type I error - ANSWERSThe error of rejecting H0...

One-tailed tests - ANSWERSA hypothesis test in which rejection of the null hypothesis occurs for values of the test statistic in one tail of its sampling distribution. null hypothesis - ANSWERSThe hypothesis tentatively assumed true in the hypothesis testing procedure. alternative hypothesis - ANSWERSThe hypothesis concluded to be true if the null hypothesis is rejected. Type II error - ANSWERSThe error of accepting H0 when it is false. Type I error - ANSWERSThe error of rejecting H0...