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Table of Contents

Key Points


References

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Key Concepts


Pearson's chi square test (goodness of fit)

https://en.wikipedia.org/wiki/Chi-squared_test

A chi-squared test, also written as χ2 test, is any statistical hypothesis test where the sampling distribution of the test statistic is a chi-squared distribution when the null hypothesis is true. Without other qualification, 'chi-squared test' often is used as short for Pearson's chi-squared test. The chi-squared test is used to determine whether there is a significant difference between the expected frequencies and the observed frequencies in one or more categories.

https://www.khanacademy.org/math/statistics-probability/inference-categorical-data-chi-square-tests/chi-square-goodness-of-fit-tests/v/pearson-s-chi-square-test-goodness-of-fit

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testing - null hypothesis assumes no relationship exists in the model variablesImage Removed

set a significance level ( alpha ) of X% as the target discriminator ( 5% )

degrees of freedom = n - 1 ( data points )  ( dof = 5 )

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Potential Value Opportunities

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