In a Normal Approximation to the Sign Test, the Standardised

question 64

True/False

In a normal approximation to the sign test, the standardised test statistic is calculated as z = 2.07. If the alternative hypothesis states that the location of population 1 is to the right of the location of population 2, then the p-value of the test is 0.0192.

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Definitions:

Statistical Quality Control

Measures work samples for compliance with quality standards. It is the term used to describe the set of statistical tools used by quality professionals.

Statistical Techniques

The mathematical methods used to collect, analyze, interpret, and present data, often for the purpose of making informed decisions or predictions.

Break-Even Analysis

Calculates the point at which revenues cover costs under different ‘what if’ conditions. The break‐even point is where revenues = costs.

'What-If' Scenarios

Analytical tools used to evaluate the potential outcomes of different decisions or events.