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Unformatted text preview: Econ 203 Review Session 1 Sergey V. Popov Department of Economics University of Illinois 28 Feb 2010 Sergey V. Popov Department of Economics University of Illinois Econ 203 Review Session 1 Review Session We studied tests. The purpose is to learn how to apply tests. Formulate the hypothesis. Based on type of question, choose a test. Based on hypothesis and test, solve for critical value or pvalue. Compare and make a statement. Understanding hypotheses is crucial, TAs are instructed to not help with meaning of problems during exam. Sergey V. Popov Department of Economics University of Illinois Econ 203 Review Session 1 Review Session We studied tests. The purpose is to learn how to apply tests. Formulate the hypothesis. Based on type of question, choose a test. Based on hypothesis and test, solve for critical value or pvalue. Compare and make a statement. Understanding hypotheses is crucial, TAs are instructed to not help with meaning of problems during exam. Sergey V. Popov Department of Economics University of Illinois Econ 203 Review Session 1 Review Session We studied tests. The purpose is to learn how to apply tests. Formulate the hypothesis. Based on type of question, choose a test. Based on hypothesis and test, solve for critical value or pvalue. Compare and make a statement. Understanding hypotheses is crucial, TAs are instructed to not help with meaning of problems during exam. Sergey V. Popov Department of Economics University of Illinois Econ 203 Review Session 1 Review Session We studied tests. The purpose is to learn how to apply tests. Formulate the hypothesis. Based on type of question, choose a test. Based on hypothesis and test, solve for critical value or pvalue. Compare and make a statement. Understanding hypotheses is crucial, TAs are instructed to not help with meaning of problems during exam. Sergey V. Popov Department of Economics University of Illinois Econ 203 Review Session 1 Review Session We studied tests. The purpose is to learn how to apply tests. Formulate the hypothesis. Based on type of question, choose a test. Based on hypothesis and test, solve for critical value or pvalue. Compare and make a statement. Understanding hypotheses is crucial, TAs are instructed to not help with meaning of problems during exam. Sergey V. Popov Department of Economics University of Illinois Econ 203 Review Session 1 Distributions Distributions we use are: zdistribution, or Standard Normal; tdistribution, or Student distribution; 2 distribution; Fdistribution, or Fisher distribution. Which distribution is going to be used depends on type of question. Sergey V. Popov Department of Economics University of Illinois Econ 203 Review Session 1 Distributions Distributions we use are: zdistribution, or Standard Normal; tdistribution, or Student distribution; 2 distribution; Fdistribution, or Fisher distribution....
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This note was uploaded on 02/14/2011 for the course ECON 203 taught by Professor Petry during the Spring '09 term at University of Illinois, Urbana Champaign.
 Spring '09
 PETRY
 Economics

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