Flashcards
Wordy Questions
Flashcards do conjunto (3)
- 1Explain what significance level of 5% meansThe probability 0.05 of significant result / rejecting H0 when H0 is true
- 2What is a test-statistic?Essentially it's the p-value of X~B(n,p)
Definition: Derived from observed values and is used to find p-value/compared with critical value - 3What is the p-value?The probability of obtaining an outcome at least as extreme as the observed value when H0 is true