How do you interpret t statistic? Please give examples and describe how to interpret t statistic...

How do you interpret t statistic? Please give examples and describe how to interpret t statistic in detail

What does a high/low t statistic mean?

Expert Solution

we can understand use of t statistics by following example

high t-statistic translates into a low p-value, something very unlikely has happened if your coefficients are zero in reality. ... Neither t-statistic nor p-value (which have a one-to-one correspondence )

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milcah answered 11 months ago

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