t-test

t-test definition - business

t-test

A statistical method to determine whether differences in means or proportions between two groups of data are significant, or to determine whether a mean or proportion differs significantly from a specified value. For example, a t-test might be used to determine whether the mean number of sick days for a company's employees during a year was significantly different from 4.2, the mean number of sick days in the industry the same year.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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