3.
a.
Complete the sentence: _____ is an Excel function that returns the student's t-distribution.
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TINV |
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b. |
TDIST |
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c. |
TTEST |
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d. |
TSTAT B. Complete the sentence: _____ is an Excel function that returns the inverse of the student's t-distribution.
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A): Option b: TDIST is an excel function which returns the students t distribution.
Basically, TDIST gives us the p value. TDIST(x, df, tails) will give us the p value for the t observed, df = n - 1 and either for a left tailed or a 2 tailed test. If p value is required for a right tailed test, get the left tailed p value, and then (1 - left tailed p value) = Right tailed p value.
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B) Option a: TINV is an excel function which returns the inverse of the students t distribution.
TINV basically is used to give us critical values while doing hypothesis testing or calculing t scores, when the probabilities are known. If the significance level is given, with n - 1 degrees of freedom, then TINV(probability, df), will return the 2 tailed critical value.
TINV(Probability*2,df) returns the left tailed critical value and TINV(ABS(probability*2),df) gives us the right tailed critical value for t.
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