Inverse relations and functions quiz

P-value test and Ctitical Value test are identical. P-value and Critical value are two different names for the same steps. They

creativ13 [48]

Answer:

Option B - False

Step-by-step explanation:

Critical value is a point beyond which we normally reject the null hypothesis. Whereas, P-value is defined as the probability to the right of respective statistic which could either be Z, T or chi. Now, the benefit of using p-value is that it calculates a probability estimate which we will be able to test at any level of significance by comparing the probability directly with the significance level.

For example, let's assume that the Z-value for a particular experiment is 1.67, which will be greater than the critical value at 5% which will be 1.64. Thus, if we want to check for a different significance level of 1%, we will need to calculate a new critical value.

Whereas, if we calculate the p-value for say 1.67, it will give a value of about 0.047. This p-value can be used to reject the hypothesis at 5% significance level since 0.047 < 0.05. But with a significance level of 1%, the hypothesis can be accepted since 0.047 > 0.01.

Thus, it's clear critical values are different from P-values and they can't be used interchangeably.

8 0

3 years ago

Given a population with a mean of muμequals=100100 and a variance of sigma squaredσ2equals=3636, the central limit theorem appl

lakkis [162]

Answer:

a) $\bar X \sim N(100,\frac{6}{\sqrt{25}}=1.2)$

$\mu_{\bar X}=100$ $\sigma^2_{\bar X}=1$

b) $P(\bar X >101)=1-P(\bar X$

c) $P(\bar X$

Step-by-step explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".

The central limit theorem states that "if we have a population with mean μ and standard deviation σ and take sufficiently large random samples from the population with replacement, then the distribution of the sample means will be approximately normally distributed. This will hold true regardless of whether the source population is normal or skewed, provided the sample size is sufficiently large".

The complement rule is a theorem that provides a connection between the probability of an event and the probability of the complement of the event. Lat A the event of interest and A' the complement. The rule is defined by: $P(A)+P(A') =1$

Let X the random variable that represent the variable of interest on this case, and for this case we know the distribution for X is given by:

$X \sim N(\mu=100,\sigma=6)$

And let $\bar X$ represent the sample mean, by the central limit theorem, the distribution for the sample mean is given by:

$\bar X \sim N(\mu,\frac{\sigma}{\sqrt{n}})$

a. What are the mean and variance of the sampling distribution for the sample means?

$\bar X \sim N(100,\frac{6}{\sqrt{25}}=1.2)$

$\mu_{\bar X}=100$ $\sigma^2_{\bar X}=1.2^2=1.44$

b. What is the probability that x overbarxgreater than>101

First we can to find the z score for the value of 101. And in order to do this we need to apply the formula for the z score given by:

$z=\frac{x-\mu}{\frac{\sigma}{\sqrt{n}}}$

If we apply this formula to our probability we got this:

$z=\frac{101-100}{\frac{6}{\sqrt{25}}}=0.833$

And we want to find this probability:

$P(\bar X >101)=1-P(\bar X$

On this last step we use the complement rule.

c. What is the probability that x bar 98less than

First we can to find the z score for the value of 98.

$z=\frac{98-100}{\frac{6}{\sqrt{25}}}=-1.67$

And we want to find this probability:

$P(\bar X$

5 0

3 years ago

/ why we use this symbol

user100 [1]

The slash is an oblique slanting line punctuation mark /. Once used to mark periods and commas, the slash is now most often used to represent exclusive or inclusive or, division and fractions, and as a date separator.

5 0

2 years ago

Kyle and Linda are married with two children at home and a mortgage. Kyle's net pay per year is $32,000 and Linda's is $48,000.

andrezito [222]

Question: As their financial advisor, what part of Kyle and Linda's financial plan would you encourage them to work on and why?

ANSWER:

Their plan for protecting their assets.

They should have life insurance on Linda.

7 0

3 years ago

Read 2 more answers

I need help plz with this.

mars1129 [50]

Answer:

if you take away 94.75-72.85 you will get 21.90 but i dont know how much higher

i hope i helped

3 0

2 years ago