Choosing the Best Procedure

4.5 Summary

In this chapter, you learned that power, sample size, and significance level are interrelated. You learned that your choice of test statistic will depend on the hypothesis, the alternative, the loss function, and the type of test you employ. You learned the value of exact unbiased tests. You learned the assumptions underlying and the differences among test of hypotheses based on the bootstrap, the permutation test, and parametric distributions.