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Uploaded by StoneyP94 on Jun 13, 2011
How to calculate beta and power.Stoney Pryor
Education
Standard YouTube License
Hi, great video, please can you let me know how you calculated the probability of 0.0005? thanks
MrDanrobbins 3 weeks ago
@MrDanrobbins I used the TI-83 calculator to find the area between the two "fences". I used normalcdf(-7.273,-3.268). If you used a table you would likely see the area to the left of -3.27 is 0.0005 and the other is negligible.
StoneyP94 3 weeks ago
Thank you very much!!!!
suadabdelhadi 3 weeks ago
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Hi, great video, please can you let me know how you calculated the probability of 0.0005? thanks
MrDanrobbins 3 weeks ago
@MrDanrobbins I used the TI-83 calculator to find the area between the two "fences". I used normalcdf(-7.273,-3.268). If you used a table you would likely see the area to the left of -3.27 is 0.0005 and the other is negligible.
StoneyP94 3 weeks ago