BUS 308 Week 2 Quiz
This archive file of BUS 308 Week 2 Quiz shows the solutions to the following problems:
1. The one-sample t-test differs from the z-test in which way?
There are no parameter values involved in a t-test.
The t-test is more sensitive to minor differences between sample and population. With the t-test one can be confident of the normality of the data.
The t-test requires no <known> parameter standard error of the mean.
2. If a certifying agency raises the requirements for real estate agents, what sort of decision error is the agency protecting against?
3. What is the alternate hypothesis in a problem where sales group two is predicted to be