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Table Of Contents
Python Data Analysis - Fourth Edition
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Before we talk about hypothesis testing techniques let’s clear up the definition of hypothesis. A hypothesis is the main core topic of inferential statistics. It is the tentative assumption or statement about a population parameter, e.g. average weight of players in a team, or the average life of LED bulbs. Hypothesis is of two types – Null and Alternative. The alternative hypothesis is one that the researcher wishes to support, while the null hypothesis is a contradiction to the alternative hypothesis. The null Hypothesis is the statement of no change, no effect, or no difference. It serves as the benchmark that researchers aim to test against. The alternative Hypothesis states that there is a statistically significant effect, difference, or relationship between the variables being studied.
Let’s get back to tests.. In this section, we will focus on parametric tests. But before that, what is a parameter? The Parameters are numeric quantities...