Difference-one-tailed and two-tailed test
1. When our test statistic does NOT fall in the critical region, why do we say that we "Fail to reject Ho" rather than just saying we admit the Ho?
2. Describe the difference between a 1 and a 2 tailed test. When is each employed?
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The firm has already decided that any sample mean below 78 or above 82 would signal the workers that the procedure is not working properly.
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give A production process assumes a population mean
How would you find out when a case is ready to be closed? What should a client have accomplished before a case can be closed? What effects could closing a case too early have?
When our test statistic does NOT fall in the critical region, why do we say that we "Fail to reject Ho" rather than just saying we admit the Ho?
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The management of White Industries is considering a new process of assembling its golf cart. The present method requires 42.3 minutes, on the average, to assemble a cart.
Depends on your readings regarding the Fed's recent policy moves, what is the role for so-called "quantitative easing". Illustrate what are the presumed benefits and what are the tradeoffs.
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