Applied Statistics for Economics and Business pp 155-167 | Cite as
Hypothesis Testing
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Abstract
In our last chapter we emphasized the importance of inferences about populations based on samples. The issues discussed in this chapter are very similar to estimation, but have some important subtle differences. There are two ways of drawing inferences about the parameters of a population. The first one is to make decisions concerning the value of the parameter and the second one is to actually estimate the value of the parameter. Estimating the value of parameters was examined in the last chapter. In this lecture we will examine the decisions concerning the value of a parameter: hypothesis testing.
Keywords
Sample Proportion Local Citizen Rejection Region Municipality Officer Black Swan
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© Springer International Publishing Switzerland 2016