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Describe the t-distribution approximation

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Question: In a certain problem, the randomization test produces an exact two-sided p-value of 0.053, while the t-distribution approximation produces 0.047. One might say that since the p-values are on opposite sides of 0.05, they lead to quite different conclusions and, therefore, the approximation is not adequate. Comment on this statement.

Reference no: EM131731855

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