P-TEST
This statistical method is used to test one or more hypotheses in a population or a proportion within a population. When testing a hypothesis about a population proportion (p) within a large population (one in which the sample size, "n", is not greater than 5% of the overall population), the formula is:
x = (m/n-P) / SqRt[P(1-P)/n] m= "yes" response n = random sample size p = proportion P = population
This formula is used to test three hypotheses:
- p ≤ P
- p ≥ P
- p = P
The p-test statistic typically follows a standard normal distribution when large sample sizes are used, and researchers use Z-tests to determine whether a hypothesis passes based on a specific significance level will be rejected. The larger the p-value in the p-test, the more likely the hypothesis is true.
POPULAR TERMS
Residual Interest
Middle Class
Tier 3 Capital
Share-Draft Account
Segregated Disclosures
POPULAR ARTICLE
SEE FOREX TUTORIAL
An Introduction to the Basics of Economics
Buying a Home: Determining the Amount You Can Afford
An Introduction to Forex
Digesting Financial Statements: Filing
Buying a Home: Obtaining a Homeowners Insurance
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 05:02 | Trade Balance | Nov | |
| 07:00 | Economy Watchers Survey | Nov | |
| 09:00 | Industrial Production | Oct | |
| 10:00 | SECO Consumer Confidence | Nov | |
| 11:30 | Sentix Investor Confidence | Dec | |
| 01:50 | M2 Money Supply + CD | Nov | |
| 02:01 | BRC Retail Sales Monitor | Nov | |
| 02:30 | NAB Business Confidence | Nov | |
| 05:30 | RBA Interest Rate Decision | Dec |


