SYM-506 | Hypothesis
Testing With Single Samples
Module 6 DQ 1
Your mayor just announced that the local
unemployment rate dropped last month from the prior month. It went from 10.5%
to 10.4%. Is this a significant drop? Explain.Module 6 DQ 2
Give an example of a situation in which you
believe a Type I Error is more serious. Give an example of a situation in which
you believe a Type II Error is more serious. In each case, why do you think so?SYM-506 | Hypothesis
Testing With Single SamplesModule 6 DQ 1Your mayor just announced that the local
unemployment rate dropped last month from the prior month. It went from 10.5%
to 10.4%. Is this a significant drop? Explain.
Give an example of a situation in which you
believe a Type I Error is more serious. Give an example of a situation in which
you believe a Type II Error is more serious. In each case, why do you think so?