In Hypothesis Testing 1, you were introduced to the ideas of hypothesis testing in the context of deciding whether a coin was fair or biased in favor of heads. In this section hypothesis testing ...

Statistical methods are indispensable to the practice of science. But statistical hypothesis testing can seem daunting, with P-values, null hypotheses, and the concept of statistical significance.

When designing programs or software for the implementation of Monte Carlo (MC) hypothesis tests, we can save computation time by using sequential stopping boundaries. Such boundaries imply stopping ...