Finance Worksheet
Description
Inferential statistics involves forming conclusions about a population parameter. We do so by constructing confidence intervals and testing claims about a population mean and other statistics. Typically, these methods deal with a sample from one population. We can extend the methods to situations involving two populations (and there are many such applications). This deliverable looks at two scenarios.
Concept being Studied
Your focus is on hypothesis tests and confidence intervals for two populations using two samples, some of which are independent and some of which are dependent. These concepts are an extension of hypothesis testing and confidence intervals which use statistics from one sample to make conclusions about population parameters.
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fEEDBACK: For the independent samples test I am not sure what those values in column Q are even for? In cell F40, you simply typed 2,513 and there is not formula for how you came up with the test statistic which is incorrect as well as the critical value is not referencing the correct values in your formula as well as the p-value is incorrect.
Same with the dependent samples is every value should have an Excel formula and you have no formula in D47 for the test statistic. Your sign on the critical value is incorrect (your alternative is not setup correctly) and p-value incorrect.
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