suppose we believe that with probability p a person will play a certain Nash equilibrium, and that this probability is the same for all people. We do not know p, but have reason to believe it is about 25%. To test this hypothesis against the two tailed alternative we put 100 students through an experiment and observe 20 of them pla the nash strategy. Based on the experimentsl results, conduct a parametirc test, test whether p= 25% when a (type 1 error ) = 0.05
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
suppose we believe that with probability p a person will play a certain Nash equilibrium, and that this probability is the same for all people. We do not know p, but have reason to believe it is about 25%. To test this hypothesis against the two tailed alternative we put 100 students through an experiment and observe 20 of them pla the nash strategy.
Based on the experimentsl results, conduct a parametirc test, test whether p= 25% when a (type 1 error ) = 0.05
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