How do you decide whether to reject or fail to reject the null
hypothesis?
How do you tell whether the test is left, right, or two
tailed?
Why can we never accept the null hypothesis?
Why does decreasing the probability of making a type one error
increase the probability of making a type two error?
How does a researcher decide the level of significance for a
hypothesis test?
The objective of hypothesis testing is to reject the null
hypothesis. How do we use the P-value to accomplish this goal?
Describe the difference between One-way versus Two-way ANOVA
and provide an example of each.
“how do we accept or reject a project based on financial
factors?”
What is the role of depreciation in giving an answer to the above
question? Please type you answer in less than 500 words.
related to class - IE 370 ENGR. ECONOMIC ANALYSIS
Explain to your classmate's what a null-hypothesis. How do you
make the decision to reject or not reject a Null-Hypothesis? What
are some examples? All work must be in your own words.