CH.7 Continous Probability Distributions

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8 Terms

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Discrete Random Variable

Any variables that can be countable.

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Continuous Random Variables

It's any value that could be within an interval as it could only be measured and not counted

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Null Hypothesis

A statement that assumes there is no effect, relationship, or difference between variables.

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What is a Type I Error?

You reject H0 when it’s actually true. Hence, it’s a false positive.

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What’s a Type II Error?

When you fail to reject H₀ when it’s actually false. Something real is going on, but your test misses it, so it’s a false negative. Its probability is β.

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Ordinary Least Squares Regression

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Example of Type I Error

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Example of Type II Error