Statistics for Business: Decision Making and Analysis, 3rd Edition

Exercises

Mix and Match

Match the description of each concept with the correct symbol or term.

1. One-sided null hypothesis	(a) t-statistic
2. Identifies the alternative hypothesis	(b) μ0
3. Maximum tolerance for incorrectly rejecting H0	(c) p-value
4. Number of standard errors that separate an observed statistic from the boundary of H0	(d) p-value < α
5. Number of estimated standard errors that separate an observed statistic from the boundary of H0	(e) Type I error
6. Largest α-level for which a test rejects the null hypothesis	(f) z-statistic
7. Occurs if the p-value is less than α when H0 is true	(g) Type II error
8. Occurs if the p-value is larger than α when H0 is false	(h) α-level
9. Symbol for the largest or smallest ...