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    Module 5

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    Module 5

    Uploaded by

    gyaayhcebanton
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    module-5

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    3 views2 pages

    Module 5

    Uploaded by

    gyaayhcebanton

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    National Christian Life College HE 11 and ICT 11

    Mr. Bryan Jake Gad, LPT, MA Ed- EAS Statistics and Probability – Module 5

    MANAGERIAL STATISTICS
    Hypothesis Testing

    Step 1: Formulate the null and alternative hypothesis.


    Step 2: What Test Statistics to be used.
    Step 3: Computations
    Step 4: Decision – if to accept or reject the null hypothesis.
    Step 5: Conclusion

    1. Two auditing firms made note of the time required to audit 25 account balances as indicated in the
    frequency distribution below. Is there a significant difference in their findings with respect to time
    duration? Use 5% significance level.
    Nearest minutes
    Firm A f Firm B f
    10-18 3 12-20 4
    19-27 5 21-29 8
    28-36 7 30-38 2
    37-45 4 39-47 5
    46-54 6 48-56 6
    ………………………………………………………………………………………………………………………
    Step 1: Formulate the null and alternative hypothesis.
    H o : Firm A and B are significantly not different ( µ1=µ2)
    H 1: Firm A and B are significantly different ( µ1 ≠ µ2) ( µ1> µ 2) ( µ1< µ 2)

    Step 2: Test Statistics. If Z-Test or T-Test.


    Z-test if n is ≥ 30 (30 pataas)
    T-test if n is < 30 (29 pababa)

    Step 3: Computations.
    Mean: Z-Test
    ∑ fx x 1−x 2
    x= z=

    √
    n 2 2
    s1 s2
    +
    n1 n2

    Std Dev: T-Test


    √
    2
    ∑ f (x−x) x1 −x2
    t=

    √
    s=
    n 2
    2
    (n¿¿ 2−1)s 2
    (n¿¿ 1−1)s 1 + ¿¿¿¿
    1 1
    (n ¿ ¿ 1+n2−2)( + ¿ )
    n1 n 2
    Step 4: Decision.

    Step 5: Conclusion.

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