What is the power of the statistical test
In a statistical test, the probability of making Type I and Type II error were found to be 0.0234 and 0.6, respectively. What is the power of the test? Please give solution and illustration.
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A random sample of discount prices gives the following prices: 221, 286, 290, 330, 310, 250, 270, 280, 299, 265, 291, 275, and 281. At one percent level of significance, can you conclude that the mean fare has increased?
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Why would you use the Tukey-Kramer procedure?
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