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olganol [36]
4 years ago
10

A researcher is testing a new painkiller that claims to relieve pain in less than 15 minutes, on average. a. State the hypothese

s associated with the researcher's test. b. Describe a Type I error for this situation. c. Describe a Type II error for this situation.
Business
1 answer:
zmey [24]4 years ago
6 0

Answer:

a. H0 : U ≥ 15

   Ha : U < 15

b. Type I error is incorrectly conclude that the pain is reduced in less than 15 minutes.

c. Type II error is fail to conclude that time for pain reduction is less than 15 mints when actually its less than 15 minutes.

Explanation:

Null hypothesis is a statement that is to be tested against the alternative hypothesis and then decision is taken whether to accept or reject the null hypothesis.

Type I error is one in which we reject a true null hypothesis.

Type II error is one in which we fail to reject the null hypothesis that is actually false.

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The market and Stock J have the following probability distributions: Probability rM rJ 0.3 15% 20% 0.4 9 5 0.3 18 12 a. Calculat
wlad13 [49]

Answer:

A) The expected return for the market is 13.5 and stock is 11.6.

B) The standard deviation of the market is 3.85 and stock is 6.22.

Explanation:

\text{The formula to find the expected value.} \\\mu =E(X) = \sum xP(x) \\\text{Expceted return from market.} \\\mu_m = E(rates \ of \ return \ on \ market) \\= (15)(0.3)+(9)(0.4)+(18)(0.3) \\= 13.5 \\\text{The expected rate of return from stock J.} \\\mu_j = E(rates \ of \ return \ on \ market) \\= (20)(0.3) + (5)(0.4) + (12)(0.3) \\= 11.6 \\

\\B. \text{The formula for variance.}\\\sigma ^2 = Var(X) \\= \sum x^2 P(x)- \mu^2 \\Standard \ deviation, \sigma = \sqrt{\sigma ^2} \\\text{Vraince from market.} \\\sigma _m ^2 = \left [ (15)^2 (0.3) + (9)^2 (0.4) + (18)^2 (0.3) \right ] - (13.5)^2 \\= 167.1 - 182.25 \\= 14.85 \\

Standard \ deviation = \sqrt{14.85} \\= 3.85357 \\\text{Variance of stock J.} \\\sigma _j ^2 = \left [ (20)^2 (0.3) + (5)^2 (0.4) + (12)^2 (0.3) \right ] - (11.6)^2 \\= 173.2 - 134.56 \\= 38.64 \\Standard \ deviation \ of \ stock \ J = \sqrt{38.64} \\= 6.216108 \\= 6.22

4 0
4 years ago
When did they stop making 2 dollar bills?
Nesterboy [21]
It was last issued in 2003
4 0
3 years ago
John is admitted to the hospital for a pain crisis from his sickle cell disease. He usually takes morphine 30mg every 12 hours b
ad-work [718]

Answer:

Pain is a subjective experience and it is whatever the patient says it is

Explanation:

One  the principles of managing pain of patients effectively is to acknowledge the fact that pain is an individual experience, and it is whatever the patient says. It is an unpleasant sensation and emotional experience that is subjective to the patients history and expression of pain. Hence, a patient like John, who lays such complain of his experience of pain at the hospital, should be assessed further to better address his predicament.

4 0
3 years ago
Recently, the owner of Martha's Wares encountered severe legal problems and is trying to sell her business. The company built a
Irina18 [472]

Answer:

The market value of this firm is $980,744

Explanation:

The computation of the market value is shown below:

= Current value of building + current value of building + market value of inventory + accounts receivable + cash balance - owing balance

= $1,480,000 + $507,000 + $225,000 ($450,000 × 50%) + $237,844 ($245,200 × 98%)  + $10,900 - $1,480,000

= $980,744

We take the market value instead cost value, as question has asked for the market value of the firm

8 0
3 years ago
In 2019, Brazil's trade deficit as share of GDP widened. In that year, government deficit as share of GDP declined and investmen
ad-work [718]

Answer:

The private savings as a share of the GDP must have declined.

Explanation:

according to the twin deficit hypothesis:

budget deficit = savings + trade deficit - investments

the government deficit as a share of GDP declined and investment as a share of GDP remained constant that means that the savings should decline.

7 0
4 years ago
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