At times we wish to examine statistical evidence, and determine whether it supports or contradicts a claim that has been made (or that we might wish to make) concerning the entire population. This is ...

Business owners like to know how their decisions will impact their businesses. According to Harvard Business School Online, before making decisions, managers may explore the benefits of hypothesis ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

In the realm of technical product development, hypothesis testing acts as a bridge between design, data and decision-making. It enables teams to move beyond assumptions and validate their ideas ...

For any probability model $M\equiv \{p(x|\theta,\omega),\theta \in \Theta,\omega \in \Omega \}$ assumed to describe the probabilistic behaviour of data x∈ X, it is ...

Rob Herbert does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their ...

We describe a novel spatially and temporally detailed approach for determining the cause or causes of a population decline, using the western Alaskan population of Steller sea lions (Eumetopias ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Gating indicators recommended by CDC for phased reopening following COVID-19 shutdowns include “sustained decreases” or a “downward trajectory…over a 14-day period” in public health statistics. These ...

In Hypothesis Testing 1, 2 and 3, you have used normal and t-distributions to test hypotheses. Chi-Square tests use the Chi-Square probability distribution. You will be introduced to the use of that ...