Hypothesis Testing with Two Samples

Hypothesis Testing With Two Samples
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Hypothesis Testing With Two Samples
The p-value is an essential indicator to a business statistician since it determines the significance of the results obtained in a statistical test. These tests require developing a hypothesis that assesses the validity of a general claim made about a particular population under study (Verma & Abdel-Salam, 2019). Hypothesis tests thus require the p-value to determine the strength of the evidence in relation to the null hypothesis. The p-value is typically expressed as a numerical value between 0 and 1, with changes in the value increasing or reducing the evidence that the null hypothesis should be rejected (Verma & Abdel-Salam, 2019). In a normal curve, the peak of the curve represents the most likely observation under the null hypothesis; thus, the p-value is used to determine the observed value with...