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  • Econometrics Assigment

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    Seifu Bekele
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    Hypothesis testing involves stating a null hypothesis and alternative hypothesis, collecting data, determining a test statistic and p-value, and either rejecting or failing to reject the null hypothesis based on the significance level. Type I errors reject a true null hypothesis while type II errors fail to reject a false null hypothesis, with the significance level determining the probability of a type I error. Testing if a coin is balanced involves flipping it many times to determine if heads and tails frequencies match the null hypothesis of a fair coin.

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    ECONOMETRICS ASSIGMENT

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    Hypothesis testing involves stating a null hypothesis and alternative hypothesis, collecting data, determining a test statistic and p-value, and either rejecting or failing to reject the null hypothesis based on the significance level. Type I errors reject a true null hypothesis while type II errors fail to reject a false null hypothesis, with the significance level determining the probability of a type I error. Testing if a coin is balanced involves flipping it many times to determine if heads and tails frequencies match the null hypothesis of a fair coin.

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    9 views1 page

    Econometrics Assigment

    Uploaded by

    Seifu Bekele
    Hypothesis testing involves stating a null hypothesis and alternative hypothesis, collecting data, determining a test statistic and p-value, and either rejecting or failing to reject the null hypothesis based on the significance level. Type I errors reject a true null hypothesis while type II errors fail to reject a false null hypothesis, with the significance level determining the probability of a type I error. Testing if a coin is balanced involves flipping it many times to determine if heads and tails frequencies match the null hypothesis of a fair coin.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    1. What is meant by testing a hypothesis?

    2. What is the general procedure of hypothesis testing?

    3. What is meant by type I and type II errors?

    4. What is meant by the level of significance? The level of confidence?

    5. How can we test the hypothesis a particular coin is balanced? (b) What is the meaning of
    type I and type II error in this case?

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