Explain how the estimation is different from hypothesis testing in terms of decision that researcher make.

Question

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Answer 1

Question

Chapter 11, Problem 1FP

To determine

Explain how the estimation is different from hypothesis testing in terms of decision that researcher make.

Expert Solution & Answer

Answer to Problem 1FP

The reason for estimation is different from hypothesis testing in terms of decision that researcher make is ‘in estimation decision is not made regarding null hypothesis but it determines whether the population parameter lies within the estimated limits or not’.

Explanation of Solution

In hypothesis testing the decision regarding the null hypothesis is made based on the critical value and test statistic whereas in estimation the decision is not made regarding null hypothesis. In this procedure the estimated confidence interval is calculated and then whether the population parameter lies with the calculated interval or not is determined.

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Answer 2

Question

Chapter 11, Problem 1FP

To determine

Explain how the estimation is different from hypothesis testing in terms of decision that researcher make.

Expert Solution & Answer

Answer to Problem 1FP

The reason for estimation is different from hypothesis testing in terms of decision that researcher make is ‘in estimation decision is not made regarding null hypothesis but it determines whether the population parameter lies within the estimated limits or not’.

Explanation of Solution

In hypothesis testing the decision regarding the null hypothesis is made based on the critical value and test statistic whereas in estimation the decision is not made regarding null hypothesis. In this procedure the estimated confidence interval is calculated and then whether the population parameter lies with the calculated interval or not is determined.

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Answer 3

Question

Chapter 11, Problem 1FP

To determine

Explain how the estimation is different from hypothesis testing in terms of decision that researcher make.

Expert Solution & Answer

Answer to Problem 1FP

The reason for estimation is different from hypothesis testing in terms of decision that researcher make is ‘in estimation decision is not made regarding null hypothesis but it determines whether the population parameter lies within the estimated limits or not’.

Explanation of Solution

In hypothesis testing the decision regarding the null hypothesis is made based on the critical value and test statistic whereas in estimation the decision is not made regarding null hypothesis. In this procedure the estimated confidence interval is calculated and then whether the population parameter lies with the calculated interval or not is determined.

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Answer 4

Question

Chapter 11, Problem 1FP

To determine

Explain how the estimation is different from hypothesis testing in terms of decision that researcher make.

Expert Solution & Answer

Answer to Problem 1FP

The reason for estimation is different from hypothesis testing in terms of decision that researcher make is ‘in estimation decision is not made regarding null hypothesis but it determines whether the population parameter lies within the estimated limits or not’.

Explanation of Solution

In hypothesis testing the decision regarding the null hypothesis is made based on the critical value and test statistic whereas in estimation the decision is not made regarding null hypothesis. In this procedure the estimated confidence interval is calculated and then whether the population parameter lies with the calculated interval or not is determined.

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Answer 5

Chapter 11, Problem 1FP

To determine

Explain how the estimation is different from hypothesis testing in terms of decision that researcher make.

Expert Solution & Answer

Answer to Problem 1FP

The reason for estimation is different from hypothesis testing in terms of decision that researcher make is ‘in estimation decision is not made regarding null hypothesis but it determines whether the population parameter lies within the estimated limits or not’.

Explanation of Solution

In hypothesis testing the decision regarding the null hypothesis is made based on the critical value and test statistic whereas in estimation the decision is not made regarding null hypothesis. In this procedure the estimated confidence interval is calculated and then whether the population parameter lies with the calculated interval or not is determined.

Answer 6

Chapter 11, Problem 1FP

To determine

Explain how the estimation is different from hypothesis testing in terms of decision that researcher make.

Expert Solution & Answer

Answer to Problem 1FP

The reason for estimation is different from hypothesis testing in terms of decision that researcher make is ‘in estimation decision is not made regarding null hypothesis but it determines whether the population parameter lies within the estimated limits or not’.

Explanation of Solution

In hypothesis testing the decision regarding the null hypothesis is made based on the critical value and test statistic whereas in estimation the decision is not made regarding null hypothesis. In this procedure the estimated confidence interval is calculated and then whether the population parameter lies with the calculated interval or not is determined.

Answer 7

Chapter 11, Problem 1FP

To determine

Explain how the estimation is different from hypothesis testing in terms of decision that researcher make.

Answer 8

Expert Solution & Answer

Answer to Problem 1FP

The reason for estimation is different from hypothesis testing in terms of decision that researcher make is ‘in estimation decision is not made regarding null hypothesis but it determines whether the population parameter lies within the estimated limits or not’.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

In hypothesis testing the decision regarding the null hypothesis is made based on the critical value and test statistic whereas in estimation the decision is not made regarding null hypothesis. In this procedure the estimated confidence interval is calculated and then whether the population parameter lies with the calculated interval or not is determined.