I have a p value of .039. What is the chance I make a type one error? Type two?
A 0.461; 0.039
B Cannot tell; 0.039
C 0.039; Cannot tell
D Cannot tell; Cannot tell
If you make the significance level smaller (a) the p-value gets smaller (b) the t critical value moves closer to zero (c) the probability of a Type I error increases (d) the probability of a Type II error increases
b) With one sample example explain the possibility of occurrence of type I error and Type II error in oil and gas industry in detail and how are these two errors related and how to reduce the chance of this two types of error?
A type ll error is: O A. the error you make when choosing type Il or type I O B. typically smaller than the type l error. O C. the error you make when not rejecting the null hypothesis when it is false. O D. cannot be calculated when the alternative hypothesis contains an "-".
1- The answers listed below are characteristics of a Type I error EXCEPT for one. Select the characteristic that is not for Type I error a)upsetting status quo for falsehood b)reject null hypothesis when null is true c)a "missed opportunity" 2- The answers listed below are characteristics of a Type II error EXCEPT for one. Select the characteristic that is not for Type II error a)do not reject null hypothesis when it is false b)a "missed opportunity" c)upsetting status quo...
1.) low level of confidence for a confidence interval would mean a low chance of a type I error b high chance of a type I error c high chance of a type II error d wider confidence interval than you would have with a higher confidence level e none of these
If you decided to make the critical p-value or alpha for significance as 0.001 as opposed to the conventional 0.05, what would the consequences be? Group of answer choices You would be less likely to make a Type I error All of the answers There would be fewer instances when the null hypothesis would be rejected You would be more likely to make a Type II error
If your sample had sufficient evidence to reject H0, there is a small chance that a ____ occurred. a. large probability value b. Type I error c. Type II error d. correct decision
Find the Expected value in dollars. There are two independent outcomes both with one-in-three chance of happening. If one of the two happens you will make 2 dollars. If neither happens you will loose 2 dollars. If both happen you will make 8 dollars. What is the expected value?
What would be Type I or Type II errors in these scenarios: If a consumer group wants to see if people can tell whether they are drinking tap water or bottled water would this create a Type I or Type II error? If a college instructor wishes to see whether his students prefer to work on assignments individually or in groups would a Type I or Type II error occur? If a teacher is evaluating a program designed to improve...
Interpreting a P-value In each case, indicate whether the statement is a proper interpretation of what a p-value measures. (a) The probability of making a Type II error, if the alternative hypothesis, Ha, is true. (b) The probability the null hypothesis, Ho, is true. (c) The probability that the alternative hypothesis, Ha, is true. (d) The probability of seeing data as extreme as the sample, when the null hypothesis, Ho, is true. (e) The probability of making a Type I...