QuestionWhat is P-value? Give a formal definition.
Problem 7)
State the Central Limit Theorem.
Studdy Solution
STEP 1
1. The P-value is a concept in statistics used to determine the significance of results.
2. The Central Limit Theorem is a fundamental theorem in probability and statistics.
STEP 2
1. Define the P-value.
2. State the Central Limit Theorem.
STEP 3
The P-value is the probability of observing a test statistic as extreme as, or more extreme than, the observed value under the null hypothesis. It quantifies the evidence against the null hypothesis.
STEP 4
The Central Limit Theorem states that the distribution of the sample mean of a large number of independent, identically distributed random variables approaches a normal distribution, regardless of the shape of the original distribution, as the sample size becomes large.
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