QMB QUIZ 3 QUESTIONS AND OUTLINED ANSWERS 2026

QMB QUIZ 3 QUESTIONS AND
OUTLINED ANSWERS



\Q\.when do you reject the hypothesis - ANSWERS✔-when p < alpha


\Q\.Ho M>18

H1 M< 18 - ANSWERS✔-one tail


\Q\.Ho M = 18

H1 M ≠ 18 - ANSWERS✔-two tail



\Q\.95% confidence... what is the value for alpha - ANSWERS✔-.05


\Q\.critical value = +/- 2.9718 and the t-stat is 2.0505..... do we reject or not reject
- ANSWERS✔-DONT REJECT bc it does not fall within the critical value


\Q\.Which tail are we rejecting in:
Ho: m>18

H1: m<18 - ANSWERS✔-lower


\Q\.Which tail are we rejecting in:

, Ho: m<18

H1: m>18 - ANSWERS✔-upper



\Q\.average test grade IS GOING TO BE 75% . - ANSWERS✔-two tail test



\Q\.average test grade is LESS THAN 75% - ANSWERS✔-one tail test


\Q\.The critical values have to be the same but with +/- signs on both ends -
ANSWERS✔-true



\Q\.remember: - ANSWERS✔-p value -> critical value of z
NOT critical value of t for probability...



\Q\.p-value can only be used for crit value of ____ - ANSWERS✔-z



\Q\.y=Bo+B1 - ANSWERS✔-???



\Q\.y = 45 - 55x whats the slope - ANSWERS✔--55


\Q\.what is the y intercept representing

y=10+3x - ANSWERS✔-the avg value of y when x is zero


\Q\.what is the meaning of the slope