Chapter 8: Hypothesis Testing: 8.1 Review and Preview: The two main activities of inferential statistics are using sample data to (1) estimate a population parameter (such as estimating a population parameter with a confidence interval)‚ and (2) test a hypothesis or claim about a population parameter. Hypothesis: a claim or statement about a property of a population Hypothesis test/test of significance: a procedure for testing a claim about a property of a population Population proportion
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Random samples of size n are selected from each of k populations. It will be assumed that the k populations are independent and normally distributed with means [pic][pic] and common variance [pic]. We wish to derive appropriate methods for testing the hypothesis: [pic] [pic] [pic] at least two of the means are not equal. Table 1 K random samples | |Population | | |
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Statistics for Business Intelligence – Hypothesis Testing Index: 1. What is Hypothesis testing in Business Intelligence terms? 2. Define - “Statistical Hypothesis Testing” – “Inferences in Business” – and “Predictive Analysis” 3. Importance of Hypothesis Testing in Business with Examples 4. Statistical Methods to perform Hypothesis Testing in Business Intelligence 5. Identify Statistical variables required to compute Hypothesis testing. a. Correlate computing those variables
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Hypothesis Testing PSY/ 315 University of Phoenix May 2015 What is Hypothesis Testing? O “[…method for determining the probability of an observed event that occurs only by chance” (Allua & Thompson‚ 2009). O Two hypothesis types: null and research O Does not prove but suggests that the hypothesis is plausible O Five steps of the method Null Hypothesis O No difference between groups compared O The difference is null O In a control and treatment group it states that the treatment had no effect
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Critical-Value Approach to Hypothesis Testing We often use inferential statistics to make decisions or judgments about the value of a parameter‚ such as a population mean. For example‚ we might need to decide whether the mean weight‚ μ‚ of all bags of pretzels packaged by a particular company differs from the advertised weight of 454 grams (g)‚ or we might want to determine whether the mean age‚ μ‚ of all cars in use has increased from the year 2000 mean of 9.0 years. One of the most commonly
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Fundamentals of Hypothesis-Testing Methodology Hypothesis testing typically begins with a theory‚ a claim‚ or an assertion about a particular parameter of a population. Some of them are: • The Null and Alternative Hypotheses The hypothesis that the population parameter is equal to the company specification is referred to as the null hypothesis. A null hypothesis is often one of status quo and is identified by the symbol H0. Whenever a null hypothesis is specified‚ an alternative hypothesis is also
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CHAPTER 7 THE TWO-VARIABLE REGRESSION MODEL: HYPOTHESIS TESTING QUESTIONS 7.1. (a) In the regression context‚ the method of least squares estimates the regression parameters in such a way that the sum of the squared difference between the actual Y values (i.e.‚ the values of the dependent variable) and the estimated Y values is as small as possible. (b) The estimators of the regression parameters obtained by the method of least squares. (c) An estimator
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KEYWORDS: t test for mean difference‚ assumption 3. If we are testing for the difference between the means of 2 related populations with samples of n1 = 20 and n2 = 20‚ the number of degrees of freedom is equal to a) 39. b) 38. c) 19. d) 18. ANSWER: c TYPE: MC DIFFICULTY: Easy KEYWORDS: t test for mean difference‚ degrees of freedom 4. If we are testing for the difference between the means of 2 independent populations with samples
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The five-step processes for hypothesis testing are the following. Step1. Specify the null hypothesis H0 and alternative hypothesis H1. The null hypothesis is the hypothesis that the researcher formulates and proceeds to test. If the null hypothesis is rejected after the test‚ the hypothesis to be accepted is called the alternative hypothesis. For example if the researcher wants to compare the average value generated by two different procedures the null hypothesis to be tested is [pic] and
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One Sample Hypothesis Testing Paper Do Major League Baseball teams with higher salaries win more frequently than other teams? Although many people believe that the larger payroll budgets win games‚ which point does vary‚ depending on the situation. “…performances by individual players vary quite a bit from year to year‚ preventing owners from guaranteeing success on the field. Team spending is certainly a component in winning‚ but no team can buy a championship.” (Bradbury). For some‚ it’s hard
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