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what conclusion can be drawn from the resulting t-stats value When ttest_ind is applied on two independent series?

Innovator-programmer
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1 Answers1

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As you can read here, the scipy.stats.ttest_ind has two outputs

  • The calculated t-statistic.
  • The two-tailed p-value.

Very intuitively, you can read the t-statistic as a normalized difference of averages in both populations, considering their variances and sizes:

  • The larger are the samples, the more serious the difference of averages is because we have more evidence for that.
  • The larger are the variances, the less serious the difference of averages is because the absolute difference can be given by randomness only.

The higher is the value of the t-statistic, the more serious is the difference.

The p-value makes this intuition more explicit: it is the probability that the difference of averages can be considered as zero. If the p-value is bellow a threshold, e.g. 0.05, we say that the difference in not zero.

Karel Macek
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