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Monday, March 31, 2014

Study!

Tonight's homework is to STUDY! We have our chapter 21 vocab quiz tomorrow and then our test (chapters 19, 20, 21) on Wednesday!

Here's the vocab list for tomorrow--we have not covered some of the words--use the glossary in the back of 21 to review them for tomorrow!

1. Statistically Significant (if our p-value is below the alpha level--so we reject the null--we say our test is "statistically significant" at that alpha level)
2. Alpha Level/Significance Level (both as a cutoff value to determine if we reject or fail to reject the null, and know that it's the probability of a Type 1 error)
3. Beta (the probability of a type 2 error)
4. Critical Value
5. Type 1 Error (when the null is true but we mistakenly reject it)
6. Type 2 Error (when the alternative is true but our test fails to show this)
7. Power (the likeliness/probability that a test correctly rejects a false null hypothesis; also, know that power is calculated by 1 - beta)
8. Effect Size (the difference/distance between the assumed value of p--from the null hypothesis--and our sample percent, or p-hat)
9. Standardized Test Statistic
10. What decision do we make for a low p-value, or a p-value < alpha?
11. What decision do we make for a high p-value, or a p-value > alpha?

Check back tomorrow for a breakdown of what's on Wednesday's test!

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