How do you find the standardized test statistic Z?
Category:
business and finance
publishing industry
Standardized test statistics are used in hypothesis testing. The general formula formula is: Standardized test statistic: (statistic-parameter)/(standard deviation of the statistic). The formula by itself doesn't mean much, unless you also know the three major forms of the equation for z-scores and t-scores.
Similarly, what is Z test statistic formula?
The test statistic is a z-score (z) defined by the following equation. z=(p−P)σ where P is the hypothesized value of population proportion in the null hypothesis, p is the sample proportion, and σ is the standard deviation of the sampling distribution.
Also Know, how do you find the hypothesis test statistic?
Analyze sample data.
- Test statistic. When the null hypothesis involves a mean or proportion, use either of the following equations to compute the test statistic.
- P-value. The P-value is the probability of observing a sample statistic as extreme as the test statistic, assuming the null hypothesis is true.
To find the p-value for your test statistic:
- Look up your test statistic on the appropriate distribution — in this case, on the standard normal (Z-) distribution (see the following Z-table).
- Find the probability that Z is beyond (more extreme than) your test statistic: