100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Exam (elaborations)

BUAL 2650 Final Exam |44 Questions and Answers

Rating
-
Sold
-
Pages
5
Grade
A+
Uploaded on
07-05-2025
Written in
2024/2025

BUAL 2650 Final Exam |44 Questions and Answers

Institution
BUAL 2650
Course
BUAL 2650









Whoops! We can’t load your doc right now. Try again or contact support.

Written for

Institution
BUAL 2650
Course
BUAL 2650

Document information

Uploaded on
May 7, 2025
Number of pages
5
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

Content preview

BUAL 2650 Final Exam |44 Questions
and Answers
alpha (a) - --level of significance
-allowance for a Type I error

-evidence is found significant we reject the null

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

- p-value - --the probability of the null being true
-observed level of significance

1-test statistic from table

- p-value < a - -reject the null

- test statistic > CV - -we reject the null

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

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

- Type I Error - --made in rejecting a null when it is actually true
-false positive

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

- Power of a Test - --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 - -sampling distribution of any mean becomes
normal as the sample size grows

- Hypothesis testing of means uses what tables? - --t tables
-as degrees of freedom increase, t-models look more normal

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

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

- What are the 3 properties of sample distribution and sample mean? - --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 - --determines if observed proportions conform to
expected ones
-levels of classification (k)
-df = k - 1

- Chi Square (x^2) - --the distribution used to test goodness of fit
-difference between observed and expected count, squared
-x^2 > CV, we reject null
-is right skewed and becomes broader when the df is increased

- Two-Tailed proportions - --a/2 = level of significance
-CI = 1-a
-must find 2 z scores on each end of the bell

- Dependent Variable - --Y
-variable we wish to predict

- Independent Variable - --X
-variables that have an impact on Y

- What are the Linear Regression Model Assumptions - -1. mean of the error
is always 0 for each level of the independent variable
2. the functional relationship b/w x & is linear
3. the error components are independent of each other
4. the variance of the error component is constant for all levels of the
independent variable
5. the probability distribution of the error is normal for each level of the
independent variable

- Least Squares Method - --finds the estimated coefficient model b0 and b1
in the simple linear regression model
-SSE, SST

- Coefficient of Determination - --R^2

Get to know the seller

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.
AccurateScores Not yet listed
View profile
Follow You need to be logged in order to follow users or courses
Sold
542
Member since
3 year
Number of followers
336
Documents
15259
Last sold
1 week ago

3.7

113 reviews

5
51
4
18
3
18
2
11
1
15

Recently viewed by you

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

Frequently asked questions