Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Document preview thumbnail
Preview 2 out of 6 pages
Exam (elaborations)

BUAL 2650 Final Exam UPDATED Study ACTUAL QUESTIONS AND CORRECT ANSWERS

Document preview thumbnail
Preview 2 out of 6 pages

BUAL 2650 Final Exam UPDATED Study ACTUAL QUESTIONS AND CORRECT ANSWERS Alpha (a) - CORRECT ANSWER -allowance for a Type I error -level of significance -evidence is found significant we reject the null Hypothesis testing of proportions uses what tables? - CORRECT ANSWER P-value - CORRECT ANSWER -observed level of significance 1-test statistic from table P-value a - CORRECT ANSWER -the probability of the null being true reject the null Test statistic CV - CORRECT ANSWER Two-Tailed p-value - CORRECT ANSWER we reject the null z tables the p-value of a two tailed test is both shaded areas added together An example in the judicial system - CORRECT ANSWER guilty" Type I Error - CORRECT ANSWER the null is that the defendant is "not -made in rejecting a null when it is actually true -false positive Type II Error - CORRECT ANSWER -failing to reject the null when in fact it is false

Content preview

BUAL 2650 Final Exam UPDATED Study
ACTUAL QUESTIONS AND CORRECT
ANSWERS
Alpha (a) - CORRECT ANSWER -level of significance

-allowance for a Type I error



-evidence is found significant we reject the null



Hypothesis testing of proportions uses what tables? - CORRECT ANSWER z tables



P-value - CORRECT ANSWER -the probability of the null being true

-observed level of significance



1-test statistic from table



P-value < a - CORRECT ANSWER reject the null



Test statistic > CV - CORRECT ANSWER we reject the null



Two-Tailed p-value - CORRECT ANSWER the p-value of a two tailed test is both shaded
areas added together



An example in the judicial system - CORRECT ANSWER the null is that the defendant is "not
guilty"



Type I Error - CORRECT ANSWER -made in rejecting a null when it is actually true

-false positive



Type II Error - CORRECT ANSWER -failing to reject the null when in fact it is false

, -false negative



Power of a Test - CORRECT ANSWER -the ability of the test to make the correct decision of
rejecting the null when it is false

-making the right decision

-1-P(Type II) aka 1-Beta

-want it to be high

-as a increases, B decreases



Central Limit Theorem - CORRECT ANSWER sampling distribution of any mean becomes
normal as the sample size grows



Hypothesis testing of means uses what tables? - CORRECT ANSWER -t tables

-as degrees of freedom increase, t-models look more normal



How do we reduce both Type I & II errors? - CORRECT ANSWER we increase the sample
size



Paired Data - CORRECT ANSWER occurs as "before and after"



What are the 3 properties of sample distribution and sample mean? - CORRECT ANSWER -
the mean of the sample means is equal to the population mean

-the standard deviation of the sample means is equal to the population standard deviation, divided by
the square root of n

-the standard error of the mean is the standard deviation of the sample means



Goodness of fit test - CORRECT ANSWER -determines if observed proportions conform to
expected ones

-levels of classification (k)

-df = k - 1



Chi Square (x^2) - CORRECT ANSWER -the distribution used to test goodness of fit

Document information

Uploaded on
September 11, 2026
Number of pages
6
Written in
2026/2027
Type
Exam (elaborations)
Contains
Questions & answers
$11.99

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
Sold
68
Followers
2
Items
9607
Last sold
1 hour ago



Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions