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Experiential HLS Class Exercise

Experiential HLS Class Exercise. You were asked to Certify on the HLS lesson before class. To do this activity you need to sit in teams of 3 with all of you in the same row so that you can work together on the HLS module in class. Class Activity.

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Experiential HLS Class Exercise

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  1. Experiential HLS Class Exercise You were asked to Certify on the HLS lesson before class. To do this activity you need to sit in teams of 3 with all of you in the same row so that you can work together on the HLS module in class.

  2. Class Activity • As you work the HLS questions in your team of 3 discuss the following • What wording tells you the alternative and null hypothesis? • What wording tells you the type of statistical test to perform? For example, is a z or t statistic appropriate? • What wording tells you that this is a one or two tail hypothesis test? • What were the steps you used to obtain the calculated value of the test statistic? • What were the steps you used to obtain the critical value of the test statistic? • How do you use the calculated and critical value to make a statistical decision about this test? • How do you obtain the p value for the test statistic? • How do you use the p value and the level of significance to make a statistical decision about this test? • How does the result of your test relate to the statistical significance of your findings? • What managerial implications can you conclude from the results of your test?

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