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 156 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
Excellent


lindahyatt42

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Gracias!

 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

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?

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?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

For a complete list of videos, visit our video library