A test statistic is a numerical value calculated from sample data that is used to make inferences about a population parameter. It measures the discrepancy between the observed data and what would be expected under a specific hypothesis.
Think of a test statistic as a detective's magnifying glass. Just like how a magnifying glass helps the detective examine clues more closely, a test statistic helps us examine our sample data and determine if it supports or contradicts our hypothesis.
P-value: The p-value is the probability of obtaining results as extreme as (or more extreme than) the observed data, assuming that the null hypothesis is true.
Hypothesis Testing: Hypothesis testing is a statistical procedure where we use sample data to make decisions about whether to accept or reject a claim about a population.
Confidence Interval: A confidence interval is an estimate of an unknown population parameter along with an indication of how confident we are in that estimate.
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