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In: Statistics and Probability

N= 72 stdev =8.333 Mean 42 Null hypo= 42 Alternative >42 Z-value 1.96 p-value 0.025 1,Describe...

N= 72 stdev =8.333 Mean 42

Null hypo= 42

Alternative >42

Z-value 1.96

p-value 0.025

1,Describe whether or not you actually reject H0 with details.

2, Description of what was actually decided in the context of the original problem. such as, if the problem is about mean airfares between two cities, simply saying reject Ho is not good enough; describe what this decision means as it applies to mean airfares.

3, Any statistical decision method is subject to Type I or Type II error. which type is possible in the final decision and if possible, its probability.

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Expert Solution

Please give it a thumbs up. Thanks.

orchestra answered 2 years ago
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