1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Flura [38]
3 years ago
9

Describe a problem you face in your everyday life or at work. How might you use hypothesis testing to find a solution or improve

ment to that problem? Would you conduct a one-sample or two-sample test? What would be your null and alternative hypotheses?
Business
1 answer:
ololo11 [35]3 years ago
6 0

Answer:

The common problem i encounter mostly is the statistical modelling problem.

In this scenario we choose best combination of independent variables for the hypothesis testing. the independent variable shows the significant effect on dependent variable so we keep it in modelling.

My null hypothesis would be that there is no significant effect of independent variable on dependent variable.  for my alternative hypothesis there exist is significant effect of independent variable on dependent variable.

Explanation:

The common problem I face daily is the statistical modelling problem which is the selection of relevant independent variable for prediction modelling.

In this example to select the best combination of independent variables we use hypothesis testing. if the independent variable has significant effect on dependent variable then the independent variable shows the significant effect on dependent variable so we keep it in modelling. In this way the model gets improved.

Since there are always two variables or two categories. hence it has a two sample test.

The Hypothesis can be shown below:

Null hypothesis:

H0: There is no significant effect of independent variable on dependent variable.

Alternative hypothesis:

Ha: There is significant effect of independent variable on dependent variable.

You might be interested in
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $6 per
kupik [55]

Answer:

$192,000

Explanation:

Calculation for What is the value of ending inventory under variable costing

Using this formula

Value of ending inventory =[(Direct materials+Direct labor+Variable overhead+(Fixed overhead/Units produced)×Ending units in inventory]

Let plug in the formula

Value of ending inventory=[($6+ $4+ $5 + ($234,000/26,000 units) ×8,000 units]

Value of ending inventory= ($15 units+$9 units)×8,000 units

Value of ending inventory=$24 per units×8,000 units

Value of ending inventory = $192,000

Therefore the value of ending inventory under variable costing will be $192,000

8 0
3 years ago
Which of the following is NOT a useful strategy when making an informed purchase?
kkurt [141]
The answer is 4, purchase a product based on a social media influencer.

this would not be an informed purchase
4 0
3 years ago
Zhang Industries is preparing a cash budget for June. The company has $29,500 cash at the beginning of June and anticipates $98,
PtichkaEL [24]

Answer:

Amount to be borrowed  $18,040

Explanation:

The computation of the amount that should be borrowed is given below:

Opening cash balance $29,500

Add Cash Receipts $98,000

Less Cash Disbursements -$122,540

Balance before adjustment $4,960

Desired ending cash balance $23,000

Amount to be borrowed  $18,040

7 0
3 years ago
If a customer writes 26 checks per month, which bank will charge her the least in fees
In-s [12.5K]
NBT bank of america on Mohawk Street
7 0
3 years ago
Read 2 more answers
How sustainable is any competitive advantage for rice epicurean? for mywebgrocer?
Ainat [17]
A competitive advantage is picked up when a firm procures ascribes that enable it to perform at a more elevated amount than others in a similar industry. Building up a maintainable, upper hand requires client dedication, an awesome area, one of a kind stock, legitimate dispersion channels, great seller relations, a notoriety for client benefit, and different wellsprings of favorable position. On the quality of data above, Rice Epicurean ought to build up a Customer Relationship Management framework for observing client inclination, devotion, and input
7 0
3 years ago
Other questions:
  • Imagine that you earned $8,425 in one year. If the government enforces a 15% income tax, how much money would you owe in taxes a
    6·1 answer
  • People live for four periods. They can choose to work for all four periods, or can attend school in the first period and then wo
    11·1 answer
  • Jack has $1,000 to invest. He has a choice between municipal bonds with an interest rate of 4% or corporate bonds with an intere
    13·1 answer
  • The national do not call registry was created to give americans a tool for maintaining their privacy on home telephone lines. mo
    14·1 answer
  • There are benefits to having only permanent employees at a company, and there are benefits to replacing such employees with temp
    9·2 answers
  • Use the following information to determine this company's cash flows from financing activities.
    12·1 answer
  • JoPacks sold 500 backpacks in September. Total variable costs were $7,500, total fixed costs were $10,000, and profit was $4,000
    10·1 answer
  • _____ involves developing separate marketing strategies for a number of segments.
    13·1 answer
  • What makes a business unique
    12·2 answers
  • The excerpt most directly expresses an economic perspective that:.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!