62 Relation of p value with z:t scores

This video explains the crucial connection between distance and probability in econometrics, specifically how Z and T scores translate into P-values. We will explore how a numerical distance, like a Z-score, relates to the likelihood of observing that distance under the null hypothesis. This explanation will clarify the underlying logic behind statistical tables and software. By understanding this relationship, you can avoid common misunderstandings about the significance of P-values. Subscribe to @AxiomTutoringCourses for more econometrics insights.