A confused researcher finds a dime on the sidewalk and wants to test H0: p = 0.5
Question:
A confused researcher finds a dime on the sidewalk and wants to test H0: p = 0.5 against HA: p ≠ 0.5 where p = Pr[Heads] when tossing the coin. This dime is an ordinary coin for which p = 0.5 -but she doesn't know that. She tosses the coin 100 times, finds the P-value for a goodness-of-fit test, and compares it to a = 0.05. However, if she retains H0 (because the P-value is large), then she discards the first sample and gets a new sample by tossing the coin 100 more times and repeating the goodness-of-fit test with the new data. If she retains //" for this test, then she discards the data and collects a third sample and does another goodness-of-fit test, after which she stops no matter what. What is the probability that she will make a type I error?
Fantastic news! We've Found the answer you've been seeking!
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities