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Difference between p value and level of significance?
P- value is the probability that the given null hypothesis is true and the level of significance is the chance in a hundred or thousand off occurence of an event i an outcome
What is the p-value if 0.01 is the level of significance and the mean is 18688 and the standard deviation is 15500?
In order to solve this you need the null hypothesis value also level of significance only helps you decide whether or not to reject the null hypothesis, is the p-value is above this then you do not reject the null hypothesis, if it is below you reject the null hypothesis Level of significance has nothing to do with the math
What is the value of the number e?
Like pi the value of e is an irrational number and to 3 decimal places it is 2.718
Which value shows a greater probability that the result did not occur by chance 0.05 or 0.001?
In the context of significance tests, the value of 0.001 indicates a lesser likelihood that the event occurred by chance, that is a greater probability that it did not occur by chance.In the context of significance tests, the value of 0.001 indicates a lesser likelihood that the event occurred by chance, that is a greater probability that it did not occur by chance.In the context of significance tests, the value of 0.001 indicates a lesser likelihood that the event occurred by chance, that is a greater probability that it did not occur by chance.In the context of significance tests, the value of 0.001 indicates a lesser likelihood that the event occurred by chance, that is a greater probability that it did not occur by chance.
What is the value of exponential?
e = 2.718
