Asked by Lucille Nicole on May 16, 2024

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Compare the technique for decision making about populations using the hypothesis test method and the confidence interval method.

Hypothesis Test Method

A procedure in statistics to determine whether there is enough evidence in a sample of data to conclude that a certain condition holds for the entire population.

Confidence Interval Method

A statistical technique that constructs an interval estimate of a population parameter based on sample data.

Populations

The entire collection of individuals, items, or data under study in a statistical analysis.

  • Explain the decision-making process in hypothesis testing versus confidence interval approaches.
  • Distinguish between the hypothesis test method and confidence interval method for decision making about populations.
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DANNI HUANGMay 17, 2024
Final Answer :
In the hypothesis test method,the comparison is made between a test statistic from the sample data and a critical value from the appropriate table.A conclusion to either reject or fail to reject the null hypothesis can be made by comparing the P-value to the chosen significance level.With the confidence interval method,the confidence interval is constructed and the population mean under the null hypothesis is compared against the interval.The conclusion is made based on whether or not the population mean under the null hypothesis is within the confidence interval.