In: Statistics and Probability
Briefly describe what each of the following represent in hypothesis testing. (a) μ (b) P-value (c) ?̂ (d) n (e) ?̅ (f) p (g) α
(A) :- it is defined as
the mean value for the population or true mean. It represents the
entire population mean, which we used to test the hypothesis.
(B) P value is the probability value that we calculate for the hypothesis testing and based on the p value, we make our final decision in any hypothesis testing process.
(c) is used to
denote the sample proportion. Sample proportion represents the
number of favourable outcome for the given case in the hypothesis
testing, divided by the total number of outcomes.
(d) n is used to denote the sample size. It tells us about the number of people or items included in the sample data set.
(e) :- it is
defined as the mean value for the selected data set or we can say
that it is the sample mean. It represents the sample mean, which we
used to test the hypothesis.
(f) p is used to denote the population proportion. popupation proportion p is used while comparing the sample proportion in hypothesis testing.
(g) :- it is used to
denote the given level of significance which is used in the
hypothesis testing. The p value calculated in the hypothesis
testing is compared with
to make the
final conclusion.