What is a t-test❓
2️⃣. t-test (Student’s t-test)
A t-test is a statistical test used to compare the means of two groups to determine if the difference is statistically significant.
Types of t-tests
1. Independent Samples t-test
Compares means between two different groups.
Example: Comparing Takaful adoption rates between financially literate and non-literate individuals.
2. Paired Samples t-test (Dependent t-test)
Compares means from the same group before and after an intervention.
Example: Measuring customer perception of Takaful before and after an awareness campaign.
3. One-Sample t-test
Compares the sample mean against a known population mean.
Example: Checking if the average financial literacy score in your study differs from the national average.
How Does a t-test Work?
✔️It calculates the t-statistic based on the difference in means and the variability in data.
✔️The p-value determines statistical significance (if p < 0.05, the difference is significant).
2️⃣. t-test (Student’s t-test)
A t-test is a statistical test used to compare the means of two groups to determine if the difference is statistically significant.
Types of t-tests
1. Independent Samples t-test
Compares means between two different groups.
Example: Comparing Takaful adoption rates between financially literate and non-literate individuals.
2. Paired Samples t-test (Dependent t-test)
Compares means from the same group before and after an intervention.
Example: Measuring customer perception of Takaful before and after an awareness campaign.
3. One-Sample t-test
Compares the sample mean against a known population mean.
Example: Checking if the average financial literacy score in your study differs from the national average.
How Does a t-test Work?
✔️It calculates the t-statistic based on the difference in means and the variability in data.
✔️The p-value determines statistical significance (if p < 0.05, the difference is significant).