3. P-value: X(i) ~ iidsample n = 50,EX = 20, Var(X) = 50. The p-value of H: EX=20, H₁: EX * 20 is 5%. a. P-value is a pr
Posted: Mon Jul 11, 2022 11:55 am
3. P-value: X(i) ~ iidsample n = 50,EX = 20, Var(X) = 50. The p-value of H: EX=20, H₁: EX * 20 is 5%. a. P-value is a probability. Explain in detail what exactly happens 5% of the time. b. Draw a picture of (a). c. Describe Monte Carlo algorithm for checking your explanation in (a).