QNT 351 - Week 4 Discussion Questions - 62272

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QNT 351 - Week 4 Discussion Questions

Discussion Question 1 : Why is the coefficient of correlation an important tool for statisticians? Provide some specific examples from real life.

 

Discussion Question 2 : What are some terms related to hypothesis testing with which you are already familiar? Why do null and alternative hypotheses have to be mutually exclusive?

 

Discussion Question 3 : What is it five-step process for hypothesis testing? Is the order important? Explain why or why not. Why do alphas differ among industries? How do ethics affect your chosen level of significance? Can you reject and accept the null hypothesis at the same time? Explain why or why not. 

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QNT 351 - Week 4 Discussion Questions

Discussion Question 1 : Why is the coefficient of correlation an important tool for statisticians?

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