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) Step 2: Determine Alpha, Type 1 Error Risk. What is Type 1, Alpha, Risk?
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Classroom Contents
Excel Statistical Analysis - Hypothesis Testing - P-Value & Critical Value Methods - 1 Tail Upper
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- 1 ) Introduction
- 2 ) What is a Hypothesis and what is Hypothesis testing?
- 3 ) 5 steps in Hypothesis Testing
- 4 ) Variables for Hypothesis Testing
- 5 ) One Tail Upper (Right) Example for Mean Salary of Realtors
- 6 ) Step 1: Null and Alternative Hypothesis
- 7 ) Step 2: Determine Alpha, Type 1 Error Risk. What is Type 1, Alpha, Risk?
- 8 ) Step 3: Collect Data, Compute Test Statistic
- 9 ) Step 4: Use P-value (NORM.S.DIST function) , or 2) Critical Value (NORM.S.INV function) Methods to determine if Test Statistic is past Hurdle
- 10 ) Step 5: Write Conclusion
- 11 ) Summary of video
- 12 ) Closing, Next Video and Video Links
