Advanced Hypothesis Testing
This report is a continuation from the previous week statistical report and entails more detailed information concerning the mean costs of the average rent price for office spaces in and around the Sacramento area. A business plan is being designed to include financial coverage and location. This report¡¦s primary focus is to base the cost of office space strictly upon price, to ascertain the startup and ongoing costs of the short-term business plan. However, certainly we will consider other issues with the overall plan once the median is found. Other issues to be considered aside from costs are location, convenience, fixtures, insurance prices, and customer accommodations. Surrounding areas of Sacramento will allow access to more build sites, but the downside is possible poor location for city dwellers. Last week in Adam¡¦s quest of moving his home based business into an office setting, he compared the mean price from the local on-line real estate listings to the price information from his sample of 20 office rooms. Through a t-test statistical analysis, Adam could not conclude that the mean price for the office space in Sacramento is more than $680. However, before Adam makes the final decision, he decides to do a little more investigation based upon a sampling of 20 prices of offices in outlying areas of Sacramento. This week Adam will formulate a hypothesis statement and perform the five-step hypothesis test on the data he collected. After completing his analysis of the 22 prices from outlying areas, and 20 office prices of Sacramento, he will be able to find out if the office prices in surrounding area of Sacramento area is cheaper then the prices of Sacramento.

Prices from Sacramento
600760890580950440876998555765
985725490875495560580775890755

Prices from surrounding area of Sacramento
960650690580850540775898500465450
785780490775495660580775890900560

... Are the following assets? If so, whose assets, and why?
(a) Members of the Australian hockey team
(b) A 9-month lease agreement to rent a business office
(c) Expenditure on research and development
(d) An unsigned, documented contractual agreement to build specialised equipment for a client
(e) A building bequeathed to a firm
(f) A 5-year option to acquire property, where the option was purchased by the company a year ago
(a) Human resources arguably meet the definition of assets of...

...APP6JMaloney problems 2. 4, 6, 10, 18, 22, 24
2 ) The value of the z score un a hypothesis test is influenced by a variety of factors.
Assuming that all the other variables are held constant, explain how the value
of Z is influenced by each of the following?
Z= M - u / SD
a) Increasing the difference between the sample mean and the original.
The z score represents the distance of each X or score from the mean.
If the distance between the sample mean and the...

...understanding of hypothesistesting. The textbook explained the aspects and steps of hypothesistesting in a legible fashion, while the video helped demonstrate a real-life application.
I learned from the text that hypothesistesting is a “Procedure for deciding whether the outcome of a study (results from a sample) supports a particular theory or practical innovation (which is thought to apply...

...HYPOTHESISTESTING
WHAT IS THIS HYPOTHESIS????
• In simple words it means a mere assumption or supposition to be proved of disproved.
• But, for a researcher it is a formal question that he intends to resolve.
• Example: I assume that 1) under stress and anxiety a person goes into depression.
2) It leads to aggressive behaviour.
Eg. : Students who get better counselling in a university will show a greater increase in creativity than students...

...Release date: 27 April 2014
Submission date: 9 May 2014
TUTORIAL ON HYPOTHESISTESTING (1)
Basic Concept
1. State the null and alternative hypothesis for each conjecture :
a. A researcher thinks that if expectant mothers use vitamin pills, the birth weight of the babies will increase. The average birth weight of the population is 3.0kg.
b. An engineer hypothesizes that the mean number of defects can be decreased in a manufacturing process of...

...AdvancedHypothesisTesting Paper
Five business students, with a University of Phoenix learning team, noticed the recent increases of regular unleaded gasoline prices. The students hypothesized the gas prices consumed from corporate stations are not the same price as if purchased from a generic station in a grocery store parking lot, with a confidence interval of 90%. The research team decided to limit the current research to the Houston, Texas area....

...
HypothesisTesting
PSY/315
The team was assigned the task of forming a hypothesis test on, whether it is easier to cope with the death of a loved one, via suicide, if they leave some form of final communication or rationale. Using a hypothesis test and the five-step process, the team formed to prove that, Loved ones of those left behind by suicide are able to express more comfort with their loved one’s decision if a note...

...HypothesisTesting I
Pat Obi
What is a “Hypothesis?”
A statement or claim about the value of a
population parameter: μ, σ2, p
Pat Obi, Purdue University Calumet
2
Decision Rule
1.
x 0
Z
s
n
Compare calculated Z value to Z value from
Table (critical Z value)
Reject H0 if calculated Z value lies in the
rejection/significance region (i.e. region)
ALTERNATIVELY:
2.
Compare p-value to
Reject H0 if p-value <
Pat Obi, Purdue...