In Hypothesis Testing 1, you were introduced to the ideas of hypothesis testing in the context of deciding whether a coin was fair or biased in favor of heads. In this section hypothesis testing ...

To solidify your understanding, here's a table summarizing the key differences between r and p: Probability of observing the ...

If the data falls in the critical region, statisticians reject the null hypothesis in favor of the alternative. A one-tailed test in statistics is used to determine if a sample mean is significantly ...

Statistical significance is a critical concept in data analysis and research. In essence, it’s a measure that allows researchers to assess whether the results of an experiment or study are due to ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

This note outlines an approach for introducing students to estimation and hypothesis testing with censored data using a National Hockey League example. We consider the effects of extending the ...