« previous next »

Author Question: Do these results allow us, at the 5 significance level, to conclude that the model is useful in ... (Read 66 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
on: Jun 24, 2018
Do these results allow us, at the 5 significance level, to conclude that the model is useful in predicting the price of gold?
 
  What will be an ideal response?

Question 2

The Kruskal-Wallis test for the difference in population means is based on the ranks of the sample observations.
 
  Indicate whether the statement is true or false


bpool94

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 24, 2018
Answer to Question 1

H0 : 1 = 2 = 3 = 0 vs. H1 : At least one 1 is not equal to zero
Test statistics: F = 6.626. Reject H0 if F > F0.05,3,16 = 3.24, therefore, reject H0 at the 5 significance level, and conclude that the model is useful in predicting the price of gold.

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Critical Thinking Model Critical Thinking Model
A Model of Scientific Literacy A Model of Scientific Literacy
Monitoring and Following Up on Laboratory Test Results Monitoring and Following Up on Laboratory Test Results
Model of GAL1 and GAL10 transcriptional activation Model of GAL1 and GAL10 transcriptional activation
Model of the CFTR protein Model of the CFTR protein
A polygenic model for a threshold trait A polygenic model for a threshold trait
Video: Protein Structure - Primary, Secondary, Tertiary and Quaternary

For a complete list of videos, visit our video library