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Final Exam Slides
Week 3 Slides
19
Business
Undergraduate 3
10/24/2011

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Term
Significant
Definition
any difference between the attitudes of two groups due to some systematic inference and not due to change
Term
Significance Level
Definition
the risk associated with not being 100% confident that what you observe in an experiment is due to the treatment or what was being tested
Term
NULL HYPOTHESIS
Definition
CAN BE TRUE OR FALSE
YOU CAN ONLY CHOOSE TO EITHER ACCEPT OR REJECT THE NULL HYPOTHESIS
Term
TYPE I ERROR
Definition
also known as an error of the first kind, is the wrong decision that is made when a test rejects a true null hypothesis (H0). A type I error may be compared with a so called false positive in other test situations.
Term
TYPE II ERROR
Definition
also known as a error of the second kind, is the wrong decision that is made when a test fails to reject a false null hypothesis. A type II error may be compared with a so called false negative in other test situations.
Term
INFERENTIAL STATISTICS
Definition
you are trying to reach conclusions that extend beyond the immediate data alone.

Whenever you wish to compare the average performance between two groups you should consider the t-test for differences between groups.
Term
In statistics statistical inference
Definition
is the process of drawing conclusions from data that are subject to random variation, for example, observational errors or sampling variation.
Term
Most of the major inferential statistics come from a general family of statistical models known as the
Definition
General Linear Model
Term
examples of General Linear Model
Definition
This includes the t-test, Analysis of Variance (ANOVA), Analysis of Covariance (ANCOVA), regression analysis, and many of the multivariate methods
Term
SIGNIFICANCE LEVEL
Definition
In statistics, a result is called statistically significant if it is unlikely to have occurred by chance.
As used in statistics, significant does not mean important or meaningful, as it does in everyday speech.
Term
The amount of evidence required to accept that an event is unlikely to have arisen by chance is known as the
Definition
significance level
Term
Tests of significance should always be accompanied by
Definition
effect-size statistics, which approximate the size and thus the practical importance of the difference.
Term
A statistical hypothesis test is a method of
Definition
making decisions using data, whether from a controlled experiment or an observational study (not controlled). In statistics a result is called statistically significant if it is unlikely to have occurred by chance alone, according to a pre-determined threshold probability, the significance level.
Term
3 Commonly Used Statistical Tests
Definition
Correlation, T-Test, Chi-Square
Term
T-Test
Definition
association between mean
Term
Correlation
Definition
a linear relationship
Term
Chi-square
Definition
association between proportions
Term
T Test
TESTS BETWEEN THE MEANS OF DIFFERENT GROUPS
Definition
The t-test, one-way Analysis of Variance (ANOVA) and a form of regression analysis are mathematically equivalent and would yield identical results.
Term
T test TESTS BETWEEN THE MEANS OF RELATED GROUPS
Definition
The t-test assesses whether the means of two groups are statistically different from each other. This analysis is appropriate whenever you want to compare the means of two groups, and especially appropriate as the analysis for the posttest-only two-group randomized experimental design.
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