Describe the steps of hypothesis testings. Develop a hypothesis
and alternative hypothesis to be tested and...
Describe the steps of hypothesis testings. Develop a hypothesis
and alternative hypothesis to be tested and describe how how you
would apply these steps to your hypothesis.
Describe the steps of hypothesis testings. Develop a
null hypothesis and alternative hypothesis to be tested and
describe how to apply these steps to the null hypothesis and
alternative hypothesis.
Develop a null and alternative hypothesis for a test of whether
or not there is a statistically significant relationship between
the variables and find the descriptive statistics on the three
relevant variables in the table. Highlight the means, standard
deviations, and observations. (IN EXCEL
PLEASE)
TABLE C9-1: House & Holmes Appraisal Values by
Appraised Home in $000s + Total Homes on Market
Home
House Appraisal
Holmes Appraisal
Total Homes on Market
1
235
228
161
2
210
205
179
3...
a. Develop a null and alternative hypothesis for a test of
whether or not the mean of the data representing wives’
satisfaction scores
and husbands’ satisfaction scores are statistically different.
Find descriptive statistics on the three relevant variables in the
table.
Highlight the means, standard deviations, and observations.
TABLE C9-2: Wife and Husband Feedback Scores on 1-7 Scale +
Same Day or Not
Appraisal Survey
Wife's Score
Husband's Score
Same Day
1
4
5
Y
2
3
2
Y
3...
Describe Milton Friedman’s Permanent Income Hypothesis and one
major alternative hypothesis of consumer behavior. Briefly describe
the evidence for or against Friedman’s hypothesis. How does his
hypothesis stand up after all these years?
in hypothesis testing if the null hypothesis is rejected
-the alternative hypothesis is likely to be true
- no conclusions can be drawn from the test
-the data must have been accumulated incorrectly
-the sample size has been to small
1) What is a hypothesis, a hypothesis test, a null hypothesis
and an alternative hypothesis?
2) What is a P-value, critical value and a test statistic?
Provide an example of each and describe how they are used to test
claims.
3) When conducting a hypothesis test, what is the difference
between the P-value method and the critical-value method?
4) List and explain all the steps for performing a hypothesis
test.
Directions: write the finding of these
questions in a short...
In hypothesis testing, the test of hypothesis is developed assuming the ALTERNATIVE hypothesis is true.
In hypothesis testing, the NULL hypothesis states that a parameter of interest is equal to a specific value.
For larger sample sizes (n>30) with the STANDARD DEVIATION KNOWN, the t-distribution should be used to test hypotheses about the population mean.
In hypothesis testing, the ALTERNATIVE hypothesis states how the parameter of interest differs from the null hypothesis value.
The...
The hypothesis of most interest to the researcher is:
the alternative hypothesis.
the null hypothesis.
both hypotheses are of equal interest.
Neither hypothesis is of interest.