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Selecting the Appropriate Test Statistic | Finance Train

Hypothesis Testing

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13 lessons0%

What is Hypothesis Testing

Test Statistic, Type I and type II Errors, and Significance Level

Decision Rule in Hypothesis Testing

p-Value in Hypothesis Testing

Selecting the Appropriate Test Statistic

Hypothesis Testing with t-statistic

Hypothesis Testing with z-statistic

Tests Concerning Differences in Means

Paired Comparision Tests - Mean Differences When Populations are Not Independent

Hypothesis Tests Concerning Variances

Chi-square Test – Test for value of a single population variance

F-test - Test for the Differences Between Two Population Variances

Non-parametric Tests

Course Resources

Quizzes

Selecting the Appropriate Test Statistic

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You can identify the appropriate test statistic for your data as follows: