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edu.askfinz.ai · liveCourse · Statistics
Lesson · Hypothesis testingdraft

Hypothesis testing

A hypothesis test is a procedure for deciding between two claims about a population on the basis of a sample. The null hypothesis is the default position; the alternative is what we would conclude if the data are sufficiently inconsistent with the null.

The recipe
State the null and alternative hypotheses.
Choose a significance level α.
Compute a test statistic from the sample.
Compare against the critical value, or convert to a p-value.
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