In: Operations Management
a) The test statistic is:
b) rejection region
c) p-value (between what?)
d) test decision
e) conclusion
Ans. C- p-value
The random variable calculated by using the sample data and used
for testing a hypothesis is termed as a test statistic. The test
statistic value may be used for accepting or rejecting the null
hypothesis. The statistic is the calculated quantification of the
p-value (probability value) and is derived by comparing the actual
results with the hypothesized results. The p-value will reveal the
degree to which the data sample and hypothesis reach to an
agreement. Therefore, the test statistic is used for accessing
evidence’s strength towards supporting the null hypothesis.
For running the hypothesis tests, the normal or t-distribution can
be used. The known area of these distributions enables us to
calculate the p-value. Large test statistics cause low p-values and
there are more chances of rejecting the test hypothesis in these
cases. Some of the types of test statistics are given below.
Hypothesis Test - Test Statistic
Z Test - Z Score
T-Test - T Score
ANOVA - F-Statistic
Chi-Square Test - Chi-Square Statistic
In a hypothesis test where test statistic is equal to S, we find the probability. When the probability of extreme S value is lesser than the critical/significant level, the null hypothesis is rejected.