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Commonly Used Tests

In: Introductory Statistics for Business and Economics

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  • Jan Ubøe

    (Norwegian School of Economics)

Abstract

In this chapter we will look at some special hypothesis tests. These tests have found widespread applications and are used by almost everyone that need to process statistical data. The tests we consider are: A test for binomial variables, the t-test for expected value, the t-test for comparison of two populations, Wilcoxons’ distribution free tests, the U test, and the chi-square tests. The tests are presented in terms of recipes, i.e., step by step explanations on how to execute the test and how to interpret the outcomes. As we focus applications, we make no attempt to explain in detail why these tests work. They are based on quite lengthy mathematical derivations, but these details are omitted.

Suggested Citation

  • Jan Ubøe, 2017. "Commonly Used Tests," Springer Texts in Business and Economics, in: Introductory Statistics for Business and Economics, chapter 10, pages 201-244, Springer.
    • Handle: RePEc:spr:sptchp:978-3-319-70936-9_10
    DOI: 10.1007/978-3-319-70936-9_10
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