Question

In: Statistics and Probability

Q1:Distinguish between different types of data

 

Q1:Distinguish between different types of data
Q2:What is the difference between a population and a sample in statistics?
Q3:What is the purpose of hypothesis testing?
Q4:How to interpret confidence intervals and confidence levels?

Q5:Define:

A. Null hypothesis
B. Alternative hypothesis
C. Type I error
D. Type II error
Q6Why the p-value is important?

Solutions

Expert Solution

Answer 1. There are four different data types are used.

Nominal, Ordinal, Interval and Ratio

Difference is that:

1. The order of vales is known in Ordinal, interval and ration data but not in nominal data.

2. Arithmatic operations like addition and substraction is not possible with nominal and ordinal data but possible with interval and ration data.

3. Multiplication and division possible with only ratio data.

4. Only ratio data contains absolute zero value, others do not.

5. Mean value can be found with interval and ratio data only.

6. Median value is possible with interval, ordinal and ratio data only.

7. Difference between values can be quantified using interval and ratio data only.

Answer 2.

In statistics population word is used for entirety of anyting (people, objects etc.).

Sample is a small group of people or anyting who actually participate in the experiment and it is selected to represent the whole population. The results of the experiment done on the sample will be applicable for whole population.

Answer 3. Hypothesis testing is conducted to obtain the sufficient statistical evidence towards a certain belief about the population. It is done on samples.

Answer 4. Confidence interval is basically a specified range in which the value of a population parameter lies.Confidence level is the pecentgae that the the confidence interval contain the population mean, If random samples are drown repetadely.

95% confidence level means we are 95% sure that the true value of the population mean will lie in the specified range.

Answer 5.

A. Null hypothesis (H0) is the statement that there is no statistically significant difference between two groups or specified population.

B. It is contradiction of null hypothesis. It says that observations are affectyed some real effect.

C. Type I error: It is also known as false positive. It can be defined as incorrectly rejecting the null hypothesis even if it is true.

D. Type II error: It is also known as false nagative. It can be defined as incorrectly not rejecting the null hypothesis even if it is false.

E. p-value is important to judge the significance of results. It is usefull in identifying the likelihood of sample coming from a population given by null hypothesis.


Related Solutions

a) Distinguish clearly the differences between an audit and assurance. b) Explain the different types of...
a) Distinguish clearly the differences between an audit and assurance. b) Explain the different types of assurance engagements. c) At the assertion level, a balance must be struck between tests of control effectiveness and substantive procedures, and between testing at the interim and final stages. Clearly differentiate between testing of control effectiveness and performing substantive tests in an audit process.
Define geology. Distinguish between the different types of rocks What is the concept of tectonic plates?...
Define geology. Distinguish between the different types of rocks What is the concept of tectonic plates? What is continental drift? What si crude oil? Define the process of refining. Define and give two examples of a solar thermal syatem.
in 200 words or more How does one distinguish between the different types of ratios and...
in 200 words or more How does one distinguish between the different types of ratios and their purposes? Give an example
Distinguish the differences between parent countries, host countries, and third countries and the different types of...
Distinguish the differences between parent countries, host countries, and third countries and the different types of international employees. Must be in essay format and at least 250 words long. Cite your sources, please.
Distinguish between the different aspects of a market offering
Distinguish between the different aspects of a market offering
Why are there different types of charts and graphs for different types of data (nominal, ordinal,...
Why are there different types of charts and graphs for different types of data (nominal, ordinal, scale?) Why do some charts use "frequencies" and others use real numbers? What is the difference?
Why are there different types of charts and graphs for different types of data (nominal, ordinal,...
Why are there different types of charts and graphs for different types of data (nominal, ordinal, scale?) Why do some charts use "frequencies" and others use real numbers? What is the difference?
distinguish between types 1 and types 2 errors.what terms are used to describe errors when the...
distinguish between types 1 and types 2 errors.what terms are used to describe errors when the auditor is conduction tests of controls and substantive tests?what cost are potentially incurred by auditor when such decision errors occur?
Distinguish among the different types of blood cells and compare the functions of the various leukocytes....
Distinguish among the different types of blood cells and compare the functions of the various leukocytes. As a complement to this discussion, conduct an online search for an article that has “breaking news” about new discoveries concerning blood. Briefly summarize the information you find in 100 words or fewer. please type instead of writing in paper. Thank you
Distinguish among the different types of blood cells and compare the functions of the various leukocytes....
Distinguish among the different types of blood cells and compare the functions of the various leukocytes. As a complement to this discussion, conduct an online search for an article that has “breaking news” about new discoveries concerning blood. Briefly summarize the information you find in 100 words or fewer. Please don't forget to answer bold part. Thank you
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT