Question

In: Statistics and Probability

Trying to understand the following topic, how would you explain the response to these questions in...

Trying to understand the following topic, how would you explain the response to these questions in a few sentences.

What is the purpose of a critical value. What is it used for? Also, explain the difference in a one-tail test and two-tailed test. What causes these to be different and where would you use a one-tail test instead of a two-tailed test?

Solutions

Expert Solution

In hypothesis testing, a critical value is a point on the test distribution that is compared to the test statistic to determine whether to reject the null hypothesis. If the absolute value of the test statistic is greater than the critical value then we can declare the statistical significance. So, this is the critical value and this is used to either accept or reject the null hypothesis.

One tailed tests have more statistical power to detect an effect in one direction than a two tailed tests with the same design and significance level. One tailed tests occur most frequently for studies where on of the following is true : Effects can exist in only one direction.

This is because a two tailed test uses both the positive and negative tails of the distribution. In other words, it tests for the possibility of positive and negative differences. A one tailed test is appropriate if we only want to determine if there is a difference between groups in a specific direction.


Related Solutions

How would you answer these questions with this topic: The opportunity cost is the cost of...
How would you answer these questions with this topic: The opportunity cost is the cost of next best alternative use. It is calculated in terms of other good. On the other hand, the sunk cost is the money spent on the goods which cannot be recovered i.e payment for rent, advertisement expenses etc. Question - 4: Statement: The gap between average cost curve and average variable cost curve increases as production increases. Argument: I. Yes, the law of variable proportion...
How would you explain the concept of synergism to a friend unfamiliar with the topic? Why...
How would you explain the concept of synergism to a friend unfamiliar with the topic? Why is it important for some people, such as smokers, be familiar with the concept?
Be able to discuss comprehensively the following items and show that you understand the topic by...
Be able to discuss comprehensively the following items and show that you understand the topic by giving an example for each item: What is the meaning of: Short-range forecast Medium – range forecast Demand forecast Economic forecast
Post an initial response to the discussion prompt and describe and explain how you would use...
Post an initial response to the discussion prompt and describe and explain how you would use at least two rules to verify and validate each pair of the analysis model against each other as follows: Two rules to verify and validate the functional and structural models Two rules to verify and validate the functional and behavioral models Two rules to verify and validate the structural and behavioral models Reply to two of your peers’ posts and comment on the responses...
What is a good response/explanation to the following: Would you be agree/disagree to this research? How...
What is a good response/explanation to the following: Would you be agree/disagree to this research? How does the research conducted by Brene Brown differ from quantitative research? Brene Brown's research was conducted to retrieve in-depth information from participants while quantitative research lacks the in-depth factor. She also used the information gathered and made interpretations and found commonalities and differences than quantitative research could consider extraneous variables or lacking numerical value. Brene Browns used all the collected interviews to explore common...
(Answer the following single prompt, but be comprehensive in your response clearly showing that you understand...
(Answer the following single prompt, but be comprehensive in your response clearly showing that you understand the concept and how it affects the world economy. Develop your response into paragraphs.) Do you feel that protectionism is good or bad for the world economy? Why?
Hello: Can someone explain the below? I am trying to understand the below. How does net...
Hello: Can someone explain the below? I am trying to understand the below. How does net income and assets vary for each of the below? 1) furniture company sold an unused piece of land next door to their manufacturing facilities. land was purchased for $2M years back and sold for $4M. buyer paid in cash. 2) goodwill was over valued by $25M. Company recorded the entry to adjust goodwill to current value 3) company repurchased $5M of common stock and...
Please show how the solution was arrived at I'm trying to understand how to do the...
Please show how the solution was arrived at I'm trying to understand how to do the problem. 4.(2) The fern is defined as the unit of force required to accelerate a unit of mass, called the bung, with the gravitational acceleration on the surface of the moon, which is one-sixth the normal gravitational acceleration on earth. a) What is the conversion factor that would be used to convert a force from the natural unit to the derived unit in this...
How would you compare Boeing’s response to the 737 Max crisis to Johnson & Johnson’s response...
How would you compare Boeing’s response to the 737 Max crisis to Johnson & Johnson’s response to the Tylenol crisis in 1982? In your opinion, what are the three most important things that an organization can do to effectively manage a crisis?
ASSIGNMENT: Answer all of the following questions: How would you make a progress report that would...
ASSIGNMENT: Answer all of the following questions: How would you make a progress report that would be presented to project stakeholders? Are there any techniques that you could use? What areas of the project would you cover? How would communications in an Agile team be different? Explain the three roles in a Scrum project.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT