What are the key factors to consider when conducting a z test for cryptocurrency price analysis?

1 answers

• Leonard BurtJan 05, 2024 · 2 years ago
  When conducting a z test for cryptocurrency price analysis, it's important to consider several key factors. Firstly, the sample size is crucial. A larger sample size will provide more reliable results. Secondly, the significance level should be carefully chosen. This determines the threshold for accepting or rejecting the null hypothesis. Additionally, it's important to check the assumption of normality. The z test assumes that the data follows a normal distribution, so it's important to assess whether this assumption holds true for the cryptocurrency price data. Lastly, the choice of alternative hypothesis is significant. It determines the directionality of the test and can impact the interpretation of the results. Overall, considering these factors will ensure a more accurate z test for cryptocurrency price analysis.
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