Learning Objectives
after the completion of this module, the student will be able to
- carry out a statistical test of significance
- calculate the acceptance and rejection region
- calculate and interpret the p‐value of a statistical test
- calculate and interpret type 1 and type 2 errors
- calculate the power of a test
Knowledge and Skills
- Concepts: null hypothesis, alternative, test statistic, rejection region, acceptance region, p‐ value, significance level, type 1 error, type 2 error, false positive, false negative, power of a test
- Resampling method
- Fisher’s exact test
Prerequisites
- binomial distribution
- hypergeometric distribution
- Normal distribution
- Sample average
- Sample standard deviation
- macros in Excel