This topic contains a solution. Click here to go to the answer

Author Question: A chi-squared test of a contingency table with 6 degrees of freedom results in a test statistic 2 = ... (Read 140 times)

frankwu

  • Hero Member
  • *****
  • Posts: 549
A chi-squared test of a contingency table with 6 degrees of freedom results in a test statistic 2 = 13.58 . Using the 2 tables, the most accurate statement that can be made about the p-value for this test is that:
 a. p-value > .10
  b. p-value > .05
  c. .05 < p-value < .10
  d. .025 < p-value < .05

Question 2

What is meant by the expected payoff with perfect information (EPPI)?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

welcom1000

  • Sr. Member
  • ****
  • Posts: 298
Answer to Question 1

D

Answer to Question 2

The EPPI is the maximum price that a decision maker should be willing to pay for perfect information if it were available. We compute the EPPI by multiplying the probability of each state of nature by the largest payoff associated with that state of nature, and then summing the products.




frankwu

  • Member
  • Posts: 549
Reply 2 on: Jun 24, 2018
Gracias!


bigcheese9

  • Member
  • Posts: 333
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

For a complete list of videos, visit our video library