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>A self-proclaimed psychic has picked out 14 stocks she claims will rise in value during the coming week
>During the week, 40% of the stocks on the market rose is value; while 11 of the psychic's 14 stocks rose in value
>Null hypothesis: the psychic isn't better than than coincidence (alt hypothesis: the psychic IS better than coincidence)
What's the p-value? Hint: binomial distribution
>During the week, 40% of the stocks on the market rose is value; while 11 of the psychic's 14 stocks rose in value
>Null hypothesis: the psychic isn't better than than coincidence (alt hypothesis: the psychic IS better than coincidence)
What's the p-value? Hint: binomial distribution
