Explain the difference between the p-value method and the critical value method in hypothesis testing. Additionally, explain the relationship between a critical value and alpha and also the relationship between a test statistic and a p-value. Feel free to draw pictures as part of your explanation.
Added by Lourdes S.
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**P-value method**: In this method, we calculate the p-value, which is the probability of observing a test statistic as extreme or more extreme than the one obtained from the sample data, assuming the null hypothesis is true. If the p-value is less than or equal Show more…
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