Stats

FACULTY OF BUSINESS, ECONOMICS & MANAGEMENT SCIENCE S

BUSINESS STATISTICS ASSIGNMENT COVER SHEET

2ND SEMESTER ASSIGNMENT

Name & Surname: ____________________________________________ ICAS No: _________________

Qualification: ______________________ Semester: _____ Module Name: __________________________

Specialization: _____________________ Date Submitted: ___________

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Signature of Examiner: Signature of Moderator: |

The purpose of an assignment is to ensure that the Learner is able to:

* make informed decisions based on data

* correctly apply a variety of statistical procedures and tests

* know the uses, capabilities and limitations of various statistical procedures

* interpret the results of statistical procedures and tests

BACHELOR OF COMMERCE

BUSINESS STATISTICS 512 ASSIGNMENT 2

QUESTION 1 (10 Marks)

Briefly explain the following on the Logic of Hypothesis Testing

1.1 Significance level (2)

1.2 Hypothesis Testing (2)

1.3 Null Hypothesis (2)

1.4 Alternative Hypothesis (2)

1.5 P-Value (2)

QUESTION 2 (30 Marks)

Answer the following questions

2.1 Briefly explain the 7 Steps of Hypothesis Testing. (15)

2.2 Explain the 2 types of errors that can be made in significant Testing. (5)

2.3 In Hypothesis Testing, there can be either One or Two Tailed tests.

Briefly explain these Tests. (6)

2.4 Discuss how you will make a Conclusion or Management interpretation in Hypothesis Testing? (4)

QUESTION 3 (60 Marks)

Answer the following questions

3.1 A survey of 200...