Answer:
A general exponential equation is written as:
f(x) = A*(r)^x
Where:
A is the initial value, this is the value that the function takes when x = 0.
r is the rate of growth
x is the variable.
In this case, the function is:
f(x) = 2*(4)^x
The initial value is:
f(0) = 2*(4)^0 = 2*1 = 2
The initial value is 2.
And the rate of growth is 4.
So Martin seems to mixed these two values (he said initial value = 4, and rate = 2, which is the opposite of what we found)
The number of tests that it would take for the probability of committing at least one type I error to be at least 0.7 is 118 .
In the question ,
it is given that ,
the probability of committing at least , type I error is = 0.7
we have to find the number of tests ,
let the number of test be n ,
the above mentioned situation can be written as
1 - P(no type I error is committed) ≥ P(at least type I error is committed)
which is written as ,
1 - (1 - 0.01)ⁿ ≥ 0.7
-(0.99)ⁿ ≥ 0.7 - 1
(0.99)ⁿ ≤ 0.3
On further simplification ,
we get ,
n ≈ 118 .
Therefore , the number of tests are 118 .
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