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Published on Aug 8, 2018
Test statistics allow us to quantify how close things are to our expectations or theories. Instead of going on our gut feelings, they allow us to add a little mathematical rigor when asking the question: “Is this random… or real?” Today, we’ll introduce some examples using both t-tests and z-tests and explain how critical values and p-values are different ways of telling us the same information. We’ll get to some other test statistics like F tests and chi-square in a future episode.
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