![](/olcweb/styles/shared/spacer.gif) | Learning Objectives (See related pages)
After studying this chapter, you should be able to:
- Explain why hypothesis testing is important.
- Describe the role of sampling in hypothesis testing.
- Identify type I and type II errors and discuss how they conflict with each other.
- Interpret the confidence level, the significance level, and the power of a test.
- Compute and interpret p-values.
- Determine the sample size and significance level for a given hypothesis test.
- Use templates for p-value computations.
- Plot power curves and operating characteristic curves using templates.
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