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Gamma, p-values and significance

We know that the Gamma value=0.298 and the approxiamte p-value=.000 which is understood p-value<=0.001. So, under a significance level alpha=0.001, we should reject the null hypothesis, ie., there is a significance difference between the groups

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Hi there,
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<br>First I will explain to you the basics about hypothesis testing.
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<br>The main issue to understand is: does there exist a difference in actions between two groups.
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<br>For example: let's say you have a group of men who have to drive through a racing circuit. You want to examine how many errors the men make while they are driving. Then, you also have a group of woman, who drive on the same racing track. You also want to see how many errors the females make when the drive.
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<br>Now, it is good to know the number of errors that the males and females make. But it would be even more interesting to see if there is a ...

Solution Summary

We know that the Gamma value=0.298 and the approximate p-value=.000 which is understood p-value<=0.001. So, under a significance level alpha=0.001, we should reject the null hypothesis, ie., there is a significance difference between the groups

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