{"id":33640,"date":"2021-10-07T12:25:58","date_gmt":"2021-10-07T12:25:58","guid":{"rendered":"https:\/\/analystprep.com\/cfa-level-1-exam\/?p=33640"},"modified":"2025-03-16T18:52:49","modified_gmt":"2025-03-16T18:52:49","slug":"hypothesis-test-concerning-the-equality-of-the-population-means","status":"publish","type":"post","link":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/","title":{"rendered":"Hypothesis Test Concerning the Equality of the Population Means"},"content":{"rendered":"<p>Analysts are often interested in establishing whether there exists a significant difference between the means of two different populations. For instance, they might want to know whether the average returns for two subsidiaries of a given company exhibit a <strong>significant <\/strong>variance. Such a test may then be used to make decisions regarding resource allocation or the rewarding of the directors. Before embarking on such an exercise, it is paramount to ensure that the samples taken are not only independent but also sourced from normally distributed populations. It can either be assumed that the population variances are equal or unequal. In this reading, we will assume that the population variances are equal.<\/p>\n<p>Assume that \\(\\mu_1\\) is the mean of the first population while \\(\\mu_2\\) is the mean of the second population. In testing the equality of two population means, we wish to determine if they are equal or not. As such, the hypotheses can be any of the following:<\/p>\n<p>I. <strong>Two-sided\u00a0<\/strong><\/p>\n<p>$$H_0: \u00b5_1 &#8211; \u00b5_2 = 0\\ \\text{vs.}\\ H_a\u2236 \u00b5_1 &#8211; \u00b5_2 \u2260 0,$$<\/p>\n<p>This can be stated as:<\/p>\n<p>$$H_0: \u00b5_1 = \u00b5_2\\ \\text{vs.}\\ H_a \u2236 \u00b5_1 \u2260 \u00b5_2$$<\/p>\n<p>II.<strong> One-sided (right)<\/strong><\/p>\n<p>$$H_0: \u00b5_1 &#8211; \u00b5_2 \\leq 0\\ \\text{vs.}\\ H_a\u2236 \u00b5_1 &#8211; \u00b5_2 &gt; 0,$$<\/p>\n<p>This can be stated as:<\/p>\n<p>$$H_0: \u00b5_1 \\leq \u00b5_2\\ \\text{vs.}\\ H_a \u2236 \u00b5_1 &gt; \u00b5_2$$<\/p>\n<p>III.<strong> One-sided (Left)<\/strong><\/p>\n<p>$$H_0: \u00b5_1 &#8211; \u00b5_2 \\geq 0\\ \\text{vs.}\\ H_a\u2236 \u00b5_1 &#8211; \u00b5_2 &lt; 0,$$<\/p>\n<p>This can be stated as:<\/p>\n<p>$$H_0: \u00b5_1 \\geq \u00b5_2\\ \\text{vs.}\\ H_a \u2236 \u00b5_1 &lt; \u00b5_2$$<\/p>\n<p>However, note that tests such as \\(H_0: \u00b5_1 &#8211; \u00b5_2 =3\\\u00a0 vs. H_a\u2236 \u00b5_1 &#8211; \u00b5_2 \u2260 3\\). The process is similar in both cases.<\/p>\n<h3><strong>Test Statistic for Testing Differences in Population Mean<\/strong><\/h3>\n<p>When testing for the difference between two population means, we assume that the two populations are distributed normally. Further, we assume that they have equal and unknown variances. We always make use of the student\u2019s t-distribution where the test statistic is given by:<\/p>\n<p>$$<br \/>\nt=\\frac{\\left(\\bar{X}_{1}-\\bar{X}_{2}\\right)-\\left(\\mu_{1}-\\mu_{2}\\right)}{\\sqrt{\\frac{s_{p}^{2}}{n_{1}}+\\frac{s_{p}^{2}}{n_{2}}}}=\\frac{\\left(\\bar{X}_{1}-\\bar{X}_{2}\\right)-\\left(\\mu_{1}-\\mu_{2}\\right)}{s_p\\left(\\sqrt{\\frac{1}{n_{1}}+\\frac{1}{n_{2}}}\\right)}<br \/>\n$$<\/p>\n<p>Where \\(s_p^2\\) is pooled estimator of the common variance and is given by:<\/p>\n<p>$$<br \/>\ns_{p}^{2}=\\frac{\\left(n_{1}-1\\right) s_{1}^{2}+\\left(n_{2}-1\\right) s_{2}^{2}}{n_{1}+n_{2}-2}<br \/>\n$$<\/p>\n<p>Also, the variables are defined as follows:<\/p>\n<p>\\(\\bar{X}_1\\) = Mean of the first sample.<\/p>\n<p>\\(\\bar{X}_2\\) = Mean of the second sample.<\/p>\n<p>\\(s_1^2\\) = Variance of the first sample.<\/p>\n<p>\\(s_2^2\\) = Variance of the second sample.<\/p>\n<p>\\(n_1\\) = Sample size of the first sample.<\/p>\n<p>\\(n_2\\) = Sample size of the second sample.<\/p>\n<h4><strong>Example 1: Hypothesis Test Concerning the Equality of the Population Means<\/strong><\/h4>\n<p>Nutritionists want to establish whether obese patients on a new special diet have a lower weight than the control group. After six weeks, the average weight of 10 patients (group A) on the special diet is 75kg, while that of 10 more patients of the control group (B) is 72kg. Carry out a 5% test to determine if the patients on the special diet have a lower weight.<\/p>\n<p>Additional information: \\(\\sum A^2 = 59520\\) and \\(\\sum B^2 =56430 \\).<\/p>\n<p><strong>Solution<\/strong><\/p>\n<p>As is the norm, start by stating the hypothesis:<\/p>\n<p>$$H_0: \u00b5_1 &#8211; \u00b5_2 = 0\\ \\text{Vs}\\ H_a\u2236 \u00b5_1 &#8211; \u00b5_2 \u2260 0,$$<\/p>\n<p>We assume that the two samples have equal variances, are independent, and distributed normally. Then, under H<sub>0<\/sub>,<\/p>\n<p>$$ \\frac { \\bar { B } -\\bar { A } }{ S\\sqrt { \\frac { 1 }{ m } +\\frac { 1 }{ n } } } \\sim { t }_{ m+n-2 } $$<\/p>\n<p>Note that the sample variance is given by:<\/p>\n<p>$$s^2=\\frac{\\sum X^2 -n\\bar{X}^2}{n-1}$$<\/p>\n<p>So,<\/p>\n<p>$$ \\begin{align*} { S }_{ A }^{ 2 } &amp; =\\frac { \\left\\{ 59520-{ \\left( 10\\ast { 75 }^{ 2 } \\right) } \\right\\} }{ 9 } =363.33 \\\\ { S }_{ B }^{ 2 } &amp; =\\frac { \\left\\{ 56430-{ \\left( 10\\ast { 72}^{ 2 } \\right) } \\right\\} }{ 9 } =510 \\\\ \\end{align*} $$<\/p>\n<p>$$<\/p>\n<p>Therefore,<\/p>\n<p>$$ S^p_2 =\\cfrac {(9 \u00d7 363.33 + 9 \u00d7 510)}{(10 + 10 -2)} = 436.665 $$<\/p>\n<p>And<\/p>\n<p>$$ \\text{Test statistic} =\\cfrac {(75 -72)}{ \\left\\{ \\sqrt{439.665} \u00d7 \\sqrt{ \\left(\\frac {1}{10} + \\frac {1}{10}\\right)} \\right\\} }= 0.3210 $$<\/p>\n<p>Our test statistic (0.3210) is less than the upper 5% point (1.734) of the t-distribution with 18 degrees of freedom.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-38674\" src=\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-3.png\" alt=\"\" width=\"536\" height=\"424\" srcset=\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-3.png 536w, https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-3-300x237.png 300w, https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-3-400x316.png 400w\" sizes=\"auto, (max-width: 536px) 100vw, 536px\" \/><\/p>\n<p>Therefore, we <strong>do not have sufficient<\/strong> evidence to reject the H<sub>0<\/sub> at 5% significance. As such, it is <strong>reasonable <\/strong>to conclude that the special diet has the same effect on body weight as the placebo.<\/p>\n<p><em><strong>Note to candidates: <\/strong><\/em>You could choose to work with the <em>p<\/em>-value and determine P(t<sub>18<\/sub> &gt; 0.937) and then establish whether this probability is less than 0.05. Working out the problem this way would lead to the same conclusion as above.<\/p>\n<h4><strong>Example 2: Hypothesis Test Concerning the Equality of the Population Means<\/strong><\/h4>\n<p>Suppose we replace \u2018&gt;\u2019 with \u2018\u2260\u2019 in H<sub>1<\/sub> in the example above, would the decision rule change?<\/p>\n<p>Replacing \u2018&gt;\u2019 with \u2018<em>\u2260\u2019 <\/em>in H<sub>1<\/sub> would change the test from a one-tailed one to a two-tailed test. We would compute the test statistic just as demonstrated above. However, we would have to divide the level of significance by two and compare the test statistic to both the lower and upper 2.5% points of the t<sub>18<\/sub>-distribution (\u00b12.101).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-38675\" src=\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-4.png\" alt=\"\" width=\"536\" height=\"424\" srcset=\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-4.png 536w, https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-4-300x237.png 300w, https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-4-400x316.png 400w\" sizes=\"auto, (max-width: 536px) 100vw, 536px\" \/><\/p>\n<p>Since our test statistic lies within these limits (non-rejection region), the decision rule would, therefore, remain unchanged.<\/p>\n<div class=\"notes_inv\">\n<hr \/>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Analysts are often interested in establishing whether there exists a significant difference between the means of two different populations. For instance, they might want to know whether the average returns for two subsidiaries of a given company exhibit a significant&#8230;<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-33640","post","type-post","status-publish","format-standard","hentry","category-quantitative-methods","blog-post","no-post-thumbnail","animate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hypothesis Test for Equality of Population Means<\/title>\n<meta name=\"description\" content=\"Learn how to test if two population means are equal using statistical methods, including t-tests and z-tests, in quantitative analysis.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hypothesis Test for Equality of Population Means\" \/>\n<meta property=\"og:description\" content=\"Learn how to test if two population means are equal using statistical methods, including t-tests and z-tests, in quantitative analysis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/\" \/>\n<meta property=\"og:site_name\" content=\"AnalystPrep | CFA\u00ae Exam Study Notes\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-07T12:25:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-16T18:52:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-3.png\" \/>\n\t<meta property=\"og:image:width\" content=\"536\" \/>\n\t<meta property=\"og:image:height\" content=\"424\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kosikos Tuitoek\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kosikos Tuitoek\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/\"},\"author\":{\"name\":\"Kosikos Tuitoek\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/73df713e3b6e82ee139e1eff20cebe20\"},\"headline\":\"Hypothesis Test Concerning the Equality of the Population Means\",\"datePublished\":\"2021-10-07T12:25:58+00:00\",\"dateModified\":\"2025-03-16T18:52:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/\"},\"wordCount\":808,\"image\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-3.png\",\"articleSection\":[\"Quantitative Methods\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/\",\"url\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/\",\"name\":\"Hypothesis Test for Equality of Population Means\",\"isPartOf\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-3.png\",\"datePublished\":\"2021-10-07T12:25:58+00:00\",\"dateModified\":\"2025-03-16T18:52:49+00:00\",\"author\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/73df713e3b6e82ee139e1eff20cebe20\"},\"description\":\"Learn how to test if two population means are equal using statistical methods, including t-tests and z-tests, in quantitative analysis.\",\"breadcrumb\":{\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/#primaryimage\",\"url\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-3.png\",\"contentUrl\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-3.png\",\"width\":536,\"height\":424},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hypothesis Test Concerning the Equality of the Population Means\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#website\",\"url\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/\",\"name\":\"AnalystPrep | CFA\u00ae Exam Study Notes\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/73df713e3b6e82ee139e1eff20cebe20\",\"name\":\"Kosikos Tuitoek\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8260edaa3f7ba04cf6b536b3f7fd769007ecb789b3289ac0cc4c3ab8b3f7f061?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8260edaa3f7ba04cf6b536b3f7fd769007ecb789b3289ac0cc4c3ab8b3f7f061?s=96&d=mm&r=g\",\"caption\":\"Kosikos Tuitoek\"},\"url\":\"https:\/\/analystprep.com\/cfa-level-1-exam\/author\/kosikos-tuitoek-enockanalystprep-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Hypothesis Test for Equality of Population Means","description":"Learn how to test if two population means are equal using statistical methods, including t-tests and z-tests, in quantitative analysis.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/","og_locale":"en_US","og_type":"article","og_title":"Hypothesis Test for Equality of Population Means","og_description":"Learn how to test if two population means are equal using statistical methods, including t-tests and z-tests, in quantitative analysis.","og_url":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/","og_site_name":"AnalystPrep | CFA\u00ae Exam Study Notes","article_published_time":"2021-10-07T12:25:58+00:00","article_modified_time":"2025-03-16T18:52:49+00:00","og_image":[{"width":536,"height":424,"url":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-3.png","type":"image\/png"}],"author":"Kosikos Tuitoek","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Kosikos Tuitoek","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/#article","isPartOf":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/"},"author":{"name":"Kosikos Tuitoek","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/73df713e3b6e82ee139e1eff20cebe20"},"headline":"Hypothesis Test Concerning the Equality of the Population Means","datePublished":"2021-10-07T12:25:58+00:00","dateModified":"2025-03-16T18:52:49+00:00","mainEntityOfPage":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/"},"wordCount":808,"image":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/#primaryimage"},"thumbnailUrl":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-3.png","articleSection":["Quantitative Methods"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/","url":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/","name":"Hypothesis Test for Equality of Population Means","isPartOf":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#website"},"primaryImageOfPage":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/#primaryimage"},"image":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/#primaryimage"},"thumbnailUrl":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-3.png","datePublished":"2021-10-07T12:25:58+00:00","dateModified":"2025-03-16T18:52:49+00:00","author":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/73df713e3b6e82ee139e1eff20cebe20"},"description":"Learn how to test if two population means are equal using statistical methods, including t-tests and z-tests, in quantitative analysis.","breadcrumb":{"@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/#primaryimage","url":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-3.png","contentUrl":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-content\/uploads\/2021\/10\/cfa-level-1-p-value-3.png","width":536,"height":424},{"@type":"BreadcrumbList","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/quantitative-methods\/hypothesis-test-concerning-the-equality-of-the-population-means\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/analystprep.com\/cfa-level-1-exam\/"},{"@type":"ListItem","position":2,"name":"Hypothesis Test Concerning the Equality of the Population Means"}]},{"@type":"WebSite","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#website","url":"https:\/\/analystprep.com\/cfa-level-1-exam\/","name":"AnalystPrep | CFA\u00ae Exam Study Notes","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/analystprep.com\/cfa-level-1-exam\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/73df713e3b6e82ee139e1eff20cebe20","name":"Kosikos Tuitoek","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/analystprep.com\/cfa-level-1-exam\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8260edaa3f7ba04cf6b536b3f7fd769007ecb789b3289ac0cc4c3ab8b3f7f061?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8260edaa3f7ba04cf6b536b3f7fd769007ecb789b3289ac0cc4c3ab8b3f7f061?s=96&d=mm&r=g","caption":"Kosikos Tuitoek"},"url":"https:\/\/analystprep.com\/cfa-level-1-exam\/author\/kosikos-tuitoek-enockanalystprep-com\/"}]}},"_links":{"self":[{"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/posts\/33640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/comments?post=33640"}],"version-history":[{"count":26,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/posts\/33640\/revisions"}],"predecessor-version":[{"id":45497,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/posts\/33640\/revisions\/45497"}],"wp:attachment":[{"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/media?parent=33640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/categories?post=33640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analystprep.com\/cfa-level-1-exam\/wp-json\/wp\/v2\/tags?post=33640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}