67 Hypothesis testing p value approach

This econometrics tutorial explains how to perform a T-test using p-values, building on the previous critical value approach. We'll cover stating hypotheses, computing test statistics, and understanding how the p-value quantifies the surprise of a result under the null hypothesis. Learn the decision rules for rejecting or failing to reject the null hypothesis based on comparing the p-value to the level of significance. Understand the inverse relationship between T-values and p-values and why both approaches lead to the same conclusions. Subscribe to @AxiomTutoringCourses for more econometrics insights.