How can you interpret hypothesis test results with confidence?
Hypothesis testing is a powerful tool for making decisions based on data. However, interpreting the results can be tricky, especially when you have to deal with p-values, confidence intervals, and significance levels. How can you avoid common pitfalls and communicate your findings clearly and confidently? Here are some tips to help you.
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Clarify confidence intervals:A confidence interval gives you a range where the true value likely falls and is more informative than a simple p-value. It offers context, showing not just if an effect exists, but also its potential size and direction.
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Statistical vs. practical significance:Remember that a low p-value doesn't always mean your findings will shake up the real world. Consider the practical implications of your results to ensure they're truly impactful in practice.