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This week, you have to give a lesson on Hypothesis Testing. You need to explain the following to your class- Null Hypothesis vs. Alternate Hypothesis
This week, you have to give a lesson on Hypothesis Testing. You need to explain the following to your class-
- Null Hypothesis vs. Alternate Hypothesis
- One Tailed Test vs Two Tailed Test - how do we know when to use what?
- What is Type I error?
- How do we determine the test statistic and p-value?
- How do we determine the critical value and draw our conclusion?
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