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A survey of 500 top Canadian companies reported what the companies' hiring outlook was for the next 18 months as well as the general company outlook for the economy over the same period of time. Given that a randomly selected company has a favourable forecast, what is the probability that it plans to cut jobs during the next 18 months?
Fisher's LSD
A statistical method for testing the significant differences between means in a set of three or more sample groups.
Tukey's Multiple Comparison
A statistical test used to find the differences between means in a set of data, controlling the error rate when making several comparisons.
Studentized Range Statistic
A measure used in statistics to identify outliers in a data set, calculated by dividing the range by an estimate of the standard deviation.
Critical Value
A critical value is a point on the distribution curve that separates the area where the null hypothesis is accepted from the area where it is rejected in hypothesis testing.
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