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.
Comments
Improve this definition.
Share on Facebook