[Step-by-Step] Write a short answer to each of the following: What are the properties of Student’s t distribution? How does it differ from the Normal distribution?
Question: Write a short answer to each of the following:
- What are the properties of Student’s t distribution? How does it differ from the Normal distribution? Give an example where using t distribution is more appropriate than using a Normal distribution.
- A 95% confidence interval for \[\mu \] is from -20 to 25. What conclusion can we make based on this confidence interval if we test H o : µ = 0 against H 1 : µ ≠ 0 at \[\alpha \] = 0.05?
- A statistician wishes to determine whether there is evidence that average home price in a posh neighborhood is more than $300,000. State the null and alternative hypotheses for this situation.
- The quality control engineer for a furniture manufacturer is interested in the mean amount of force necessary to produce cracks in stressed oak furniture. She performs a two-tailed test of the null hypothesis that the mean for the stressed oak furniture is 650. What are Type I and Type II errors for this problem?
- Given the following information, calculate s p 2 , the pooled sample variance that should be used in the pooled-variance t test.
s 1 2 = 9 s 2 2 = 4
n 1 = 26 n 2 = 16
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