MGSC 291 Optional Final Exam Question and answers rated A+ 2024/2025

MGSC 291 Optional Final Exam Question and answers rated A+ 2024/2025The P-value of a hypothesis test is the probability of seeing a test statistic that extreme or more - correct answer in the direction of the alternative hypothesis if the null is true The Type II error rate of a statistical hypothesis test should be - correct answer small The interpretation of a hypothesis test result is about the - correct answer parameter The Type I error rate of a statistical test is - correct answer P[reject HO|HO is true] Power - correct answer P[reject HO|HO is false] A good strategy for increasing power is to - correct answer increase the sample size Type II error rate - correct answer P[fail to reject HO| HO is false] Using the same data set to construct a confidence interval, a 99% interval will be - correct answer wider than a 95% interval