Examlex
A hypothesis test is to be performed. Describe the two possible outcomes of the test using the context of the givensituation.
-Last month the average waiting time at a bank was minutes. The manager has installed a new computer system and claims that people will no longer have to wait as long.
The hypotheses are as follows:
Null hypothesis: average waiting time minutes
Alternative hypothesis: average waiting time minutes
Formula
A mathematical expression that defines a relationship among variables.
Cramér's V
An indicator of the relationship strength between two categorical variables, ranging from 0 to 1.
Cramér's V
A measure of association between two nominal variables, giving a value between 0 and 1, where 0 means no association and 1 indicates perfect association.
Expected Frequency
The theoretical frequency of an event occurring in a set of trials, calculated based on probability theory.
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