Flashcards
EC220 MT 1 and 2
Cards in this deck (10)
- 1type error 1 and 2 table
- 2significance level definitionHow often we falsely reject Ho given that it is true - 5% significance level means we reject Ho when it is true 5% of the time (Significance level = prob. of making a type 1 error)
- 3critical value rejection rule (2- sided test)we reject the null if the calculated t statistic is further away from 0 than our critical value ie magnitude of t stat > crit value
- 4two-sided test diagram?
- 5one-sided test both sides diagram?
- 6p-value diagram and rejection rule?
- 7p-value definition?the probability of observing the actual estimate or one more extreme under the null hypothesis
- 8confidence interval formula?
- 9power of a test?
- 10how does matching solve the confounder issue?
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- Year 2 EC220 Flashcards on EC220 MT 1 and 2, created by Alisha Harikrishnan on 10/04/2022.
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- Alisha Harikrishnan
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