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After working on an assembly line for several months, you feel there are more efficient and effective ways to go about constructing the widgets. You go to your manager and tell him what you experienced, your ideas, and your thoughts. What have you just demonstrated?
Test Statistic
A value calculated from sample data that is used in hypothesis testing to decide whether to reject the null hypothesis.
P-values
Measures that help determine the significance of results obtained in statistical hypothesis testing, indicating the probability of observing results if the null hypothesis were true.
Levels Of Significance
A threshold in hypothesis testing that determines the probability at which the null hypothesis is rejected, often denoted by alpha.
P-value
The probability of obtaining test results at least as extreme as the observed results, assuming that the null hypothesis is true.
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