Definition of Test statistic:
Sample used to determine whether a hypothesis will be accepted or rejected. If the test statistic is too far off of the original hypothesis, it will be rejected. Conversely, when a test statistic is close to the original hypothesis, it will likely be accepted.
How to use Test statistic in a sentence?
- You may want to try and use a test statistic to figure out how a project will play out before you get to deep in it.
- The test statistic indicated a higher than expected profit for next quarter so we increased our investment in the asset.
- I wanted to see how the grading went, so I checked out a certain test statistic that would give me insight into the grading process.
Meaning of Test statistic & Test statistic Definition