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
Proved Reserves
Cumulative Discount Privilege
Commercial Hedger
Hurdle Rate
Sensex
POPULAR ARTICLE
SEE FOREX TUTORIAL
Gauging Inflation
A Guide to Your Personal Income Tax: Common Filing Mistakes
So You Want A Job in Financial Careers: A Guide
Retirement Planning: Creating a Nest Egg
Digesting Financial Statements: Pension Plans
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 12:00 | CBI retail sales volume balance | Apr | |
| 01:01 | BRC Shop Price Index | Apr | |
| 01:30 | Unemployment Rate | Mar | |
| 05:04 | BoJ MPC Interest Rate Announcement | Apr | |
| 05:04 | Monetary Policy Meeting Minutes | ||
| 05:04 | BOJ Outlook Report | ||
| 07:00 | BOJ Core CPI | Mar | |
| 08:30 | Bank of Japan Press Conference | ||
| 09:00 | Unemployment Rate | 1 quarter |


