In: Statistics and Probability
Is there anything we can do to measure the likelihood of these
errors and thereby reduce...
- Is there anything we can do to measure the likelihood of these
errors and thereby reduce the chance of these errors
occurring?
- When evaluating the results of the use of one of our one
hypothesis tests we can use either the critical value method or the
p-value method. While both methods will reach the same conclusion
as to whether to reject or not reject our null hypothesis, most
researchers prefer the p-value test. Why is this preferred over the
critical value tests?