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FIN3704 Assignment 5 (QUESTIONS & ANSWERS) Semester 2 2024 - DUE 15 October 2024

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FIN3704 Assignment 5 (QUESTIONS & ANSWERS) Semester 2 2024 - DUE 15 October 2024

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FIN3704 Assignment 5 (QUESTIONS
& ANSWERS) Semester 2 2024 - DUE
15 October 2024




An inference is - - - - -. - -ANSWER--a generalisation from
a specific situation to the phenomenon in general, which
have a high probability of being true

In quantitative research, 'measurement' refers to which of
the options given below? - -ANSWER--(a) A procedure for
allocating numbers to aspects of observations based on a
rule.
(c) A process of changing an abstract construct into a
visible variable.

"The mental age of child number one is eight years". In
this statement "mental age" is a(n) - - - - -, whereas
"eight years" is a - - - - -. - -ANSWER--variable; specific
value of that variable

, A measurement that summarizes an aspect of a
population is called a - - - - - while a measurement that
describes the same aspect of a sample is called - - - - -. - -
ANSWER--parameter; statistic

The probability of obtaining the data if the null hypothesis
were true is less than 5%.

There is a 5% chance of making a type one error if the null
hypothesis is rejected.

The relative importance of a relationship which may be
found between variables, irrespective of the size
of the sample, can be determined by finding the - - - - - for
the statistical test. - -ANSWER--effect size

Using a significance level of 0.05 in statistical hypothesis
testing means that the probability of - - - - - is at
most 0.05. - -ANSWER--making a Type I error

Which of the following should you include in your report to
indicate that the significance test results are not
misleading? - -ANSWER--(a) The sample size(s).
(b) The exact p-value as it was calculated.
(c) The effect size.
(d) The value of the calculated test statistic.

Which of the following assumptions do we make when
applying a statistical test?

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