Engineering Probability
The t-statistic is a ratio that compares the difference between the sample mean and the population mean to the variability of the sample data, specifically used in hypothesis testing and confidence intervals. It plays a crucial role in determining whether a sample comes from a population with a specific mean, especially when the sample size is small or when the population standard deviation is unknown. The t-statistic helps assess how likely it is that the observed differences in sample means occurred by chance.
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