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Science-Related Homework Help Statistics and Probability Topic started by: finnc on Mar 10, 2018



Title: In a goodness-of-fit test, H0 lists specific values for proportions and the test of a contingency ...
Post by: finnc on Mar 10, 2018
In a goodness-of-fit test, H0 lists specific values for proportions and the test of a contingency table does not.
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Q. 2

We calculate the expected payoff with perfect information (EPPI) by multiplying the probability of each state of nature by the smallest payoff associated with that state of nature, and then summing the products.
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Q. 3

To calculate the expected values in a test of a contingency table, you assume that the null hypothesis is true.
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Q. 4

The expected payoff with perfect information (EPPI) represents the maximum amount a decision maker would be willing to pay for perfect information.
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Q. 5

To produce expected values for a test of a contingency table, you multiply estimated joint probabilities for each cell by the total sample size, n.
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Q. 6

The expected value of perfect information (EVPI) equals the largest expected opportunity loss (EOL).
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Title: In a goodness-of-fit test, H0 lists specific values for proportions and the test of a contingency ...
Post by: steph7247 on Mar 10, 2018
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