In: Statistics and Probability
Give a brief answer to each of the following four (4) questions:
(a) Explain the difference between a Type 1 and a Type II error.
(b) If you want to reduce the margin of error of an estimate of a mean, what are the two things can you do?
(c) Explain the difference between an independent samples t-test and paired t-test.
(d) State and explain the Central Limit Theorem (CLT) for the sample mean when the population distribution is (i) symmetric and (ii) not symmetric.