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The intranet installed by ANZ bank has allowed its 30,000 plus staff to:
T-Statistic
Re-defined: A value calculated from sample data during a t-test, used to assess the significance of the difference between two sample means.
α
Represents the level of significance in hypothesis testing, typically set at 0.05 or 5%.
P > .05
A statistical expression indicating that the probability of the observed data, or something more extreme, if the null hypothesis is true, is greater than 5%.
Null Hypothesis
The default assumption in statistical hypothesis testing that there is no significant effect or difference, intended to be challenged by the alternative hypothesis.
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