EC315 Practice Week 4 Quiz

EC315 Practice Week 4 Quiz - Week 4 Practice Quiz 1. The...

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Week 4 Practice Quiz 1. The null hypothesis A. B. Will always contain the equal sign. C. Cannot include values less than 0. D. Both a and b are correct. The correct answer is d. It could include values less than 0 and it will always include the equal sign. The equal sign never appears in the alternate hypothesis. 2. The alternate hypothesis A. B. Will always contain the equal sign. C. Tells the value of the sample mean. D. None of the above. The correct answer is a. That is its whole job. 3. The level of significance A. Is frequently . 05 or .01 B. Can be any value between 0 and 1. C. Is the likelihood of rejecting the null hypothesis D. All of the above. The correct answer is d. All these statements are correct.
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4. A Type I error is A. The correct decision B. A value determined from the test statis C. Rejecting the null hypothesis when it D. Accepting the null hypothesis when it The correct answer is c. That's its definition. Type I and Type II error do not include probabilities.
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EC315 Practice Week 4 Quiz - Week 4 Practice Quiz 1. The...

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