Which of these directly allows you to test a hypothesis? Point estimate Standard error Test statistic Confidence interval
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Beyond the Answer
The test statistic is your go-to buddy for testing hypotheses! It measures how far your sample statistic is from the null hypothesis in terms of standard errors. A higher test statistic typically means that your sample data is less likely under the null hypothesis, helping determine if you should reject it or not with some zesty levels of significance. Confidence intervals, on the other hand, provide a range of values that likely contains the population parameter. While they offer valuable insight into the precision of estimates, they don't directly tell you whether your hypothesis is right or wrong. Instead, they show you where you might find that elusive true value!
