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Explain: Null and Alternative hypothesis One-tailed and two-tailed tests of Hypothesis Level of Significance Critical Values for Z and T Test-Statistic for Z and T

Explain:

  1. Null and Alternative hypothesis
  2. One-tailed and two-tailed tests of Hypothesis
  3. Level of Significance
  4. Critical Values for Z and T
  5. Test-Statistic for Z and T
  6. Concept of P-Value
  7. Rejection and Non-rejection regions
  8. Type I and Type II Errors

Instructions

The total response should not be more than one and half page.

Handwritten responses are not acceptable. You do not need to type formulas.

Definitions and explanations are sufficient.

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