Mathematics
8 years ago

New variance estimates in tests on means could revolutionize statistical analysis!

The American Statistician
Testing Means Using Hypothesis-Dependent Variance Estimates
Arvind Shah, K. Krishnamoorthy

Paper Summary

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The article explores using different ways to test averages in statistics. By using specific variance estimates based on the hypothesis being tested, the tests can be more accurate. This method is mostly the same as traditional tests, except in one case. This new approach can be helpful for people learning or working in statistics.