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Author Question: If the cost of making a Type I error is high, a smaller value should be chosen for the a. critical ... (Read 70 times)

folubunmi

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on: Jun 24, 2018
If the cost of making a Type I error is high, a smaller value should be chosen for the
 a. critical value.
  b. confidence coefficient.
   c. level of significance.
  d. test statistic.

Question 2

A simple random sample of size 64 is taken from a population of size 800 . The sample mean is determined to be 2,550 with a standard deviation of 500 . An estimate of the standard error of the mean (for the total) is
 a. 62,500.50
  b. 47,958.32
  c. 7.8125
  d. 50,000.00


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duke02

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Reply #1 on: Jun 24, 2018
Answer to Question 1

c

Answer to Question 2

b


folubunmi

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Reply #2 on: Jun 24, 2018
Correct answers!


duke02

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Reply #3 on: Jun 24, 2018
Great! Please up vote :D


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