3 easy hypothesis tests for the mean value | by Gianluca Malato | Oct, 2022
3 easy ways to compare the mean value of a sample with other, expected valuesPhoto by Edge2Edge Media on UnsplashData scientists and analysts often have to work with mean values and need to compare the mean value of a sample with a known expected value or the mean value of another sample. Statistics helps us with a powerful set of hypothesis tests we can perform for such tasks.Let’s say that we measure something like the height of Mount Everest. We know that it’s 8848 meters. After we measure it, we get 8840 meters with a…