Explain the difference between statistical and practical
significance.
Explain the difference between the null and alternative
hypotheses.
When should a one-tailed test be used? What are the
disadvantages to using a one-tailed test?
When should you use a two-tailed test?
Define a Type I error. In the behavioral sciences, what is the
likelihood of a Type I error?
Define a Type II error. In the behavioral sciences, what is the
likelihood of a Type II error?
Define optimism bias and overconfidence bias in finance. What is
the difference between the two? Have you ever encountered these
cognitive biases from your personal finance experience or work
experience? Can you share with us?
Q17. With a sketch explain what is the difference between REAL
as opposed to IDEAL algorithms? When would you choose between REAL
as opposed to IDEAL
algorithms?
Q21. Does a FEED FORWARD controller have PID
settings?