Statistics for Data Science and Business Analysis - Test for the Mean; Independent Samples (Part 2)

Statistics for Data Science and Business Analysis - Test for the Mean; Independent Samples (Part 2)

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Information Technology (IT), Architecture, Mathematics

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The video tutorial covers hypothesis testing with independent samples and unknown but equal variances. It revisits a dataset comparing apple prices in New York and LA, setting up null and alternative hypotheses. The tutorial explains using pooled variance and calculating the standard error, followed by determining the T-statistic and degrees of freedom. It interprets the results, highlighting the significance of the P-value, and concludes with a discussion on the implications of the findings and further questions for exploration.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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