15. Quiz: More Hypothesis Testing Practice
More Hypothesis Testing Practice
Using the following questions, you will build your intuition for common hypothesis test techniques, and what you are really testing when setting up your hypotheses.
SOLUTION:
population parametersWhich of the below represents how you would set up a hypothesis test to test if the average return of portfolio 1 \mu_1 is greater than the average return of portfolio 2 \mu_2 ?
a.
H_0: \mu_1 > \mu_2
H_1: \mu_1 \leq \mu_2
b.
H_0: \mu_1 = \mu_2
H_1: \mu_1 \leq \mu_2
c.
H_0: \mu_1 \leq \mu_2
H_1: \mu_1 > \mu_2
d.
H_0: \mu_1 = \mu_2
H_1: \mu_1 \neq \mu_2
e. None of the above
SOLUTION:
cWhich of the below represents how you would set up a hypothesis test to test if the average length of Chinook fish \mu_1 is different than the average length of Coho fish \mu_2 ?
a.
H_0: \mu_1 > \mu_2
H_1: \mu_1 \leq \mu_2
b.
H_0: \mu_1 = \mu_2
H_1: \mu_1 \leq \mu_2
c.
H_0: \mu_1 \leq \mu_2
H_1: \mu_1 > \mu_2
d.
H_0: \mu_1 = \mu_2
H_1: \mu_1 \neq \mu_2
e. None of the above
SOLUTION:
dGiven what you know about hypothesis testing and the notation used so far in the statistics content, which of the below values would not be tested in a hypothesis?
a.
\pi_1 - \pi_2
b.
\mu_1
c.
\pi_1 + \pi_2/\pi_3
d.
\bar{x}_1
e.
\sigma_1/\sigma_2