Type 1 Error is known as:

OPTIONS False Negative False Positive True Negative True Positive ANSWER False Positive EXPLANATION Type I Error is said to be committed when you reject the Null Hypothesis although it was actually true. For example, the movie was good, but you came out and said the...
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What is the opposite of NULL hypothesis?

ANSWER Alternate Hypothesis Not NULL Hypothesis Finite Hypothesis Fixed Hypothesis ANSWER Alternate Hypothesis EXPLANATION When the NULL hypothesis is rejected, Alternate Hypothesis is accepted. Alternate Hypothesis is considered the opposite of NULL hypothesis.
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Hypothesis testing is usually done to:

OPTIONS statistically validate if a sample mean does belong to the population. statistically validate if the means of two groups are the same or if they are significantly different. statistically validate if variances of two groups are the same or if they are different. All...
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Which factors impact the confidence intervals for a sample data?

OPTIONS Data Variation and Data Continuity Accuracy and Precision Significance Level and Sample Size Data Relativity ANSWER Significance Level and Sample Size EXPLANATION Significance level and sample size impact the confidence interval – The choice of ? for the confidence intervals dictates the margin of...
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What is Confidence Interval?

OPTIONS Interval between 2 consecutive sets of data population Estimated range of values which is likely to include the parameter of the population Interval between each measurement to gain confidence Interval between the Measure and Analyze phase ANSWER Estimated range of values which is likely...
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Which regression procedures are used in stepwise regression?

OPTIONS Standard Stepwise, Forward Selection, and Backward Elimination Standard Stepwise, Forward Estimation, and Backward Estimation Standard Stepwise, Forward Regression, and Backward Regression Standard Stepwise, Forward co-relation, and Backward co-relation ANWER Standard Stepwise, Forward Selection, and Backward Elimination EXPLANATION In Stepwise Regression, the most significant variable...
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What does PRESS in PRESS Statistic stand for?

OPTIONS Partial Residuals Sum of Squares Part Regression Six Sigma Predicted Residuals Six Sigma Predicted Residuals Sum of Squares ANSWER Predicted Residuals Sum of Squares EXPLANATION PRESS stands for Predicted Residuals Sum of Squares in PRESS Statistic.
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