- Feb 5, 2003
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So, I'm studying for my econometrics final, and I stumbled upon the wikipedia page for t-statistics and saw this... I thought it was pretty cool.
"The t-statistic was introduced in 1908 by William Sealy Gosset, a chemist working for the Guinness brewery in Dublin, Ireland ("Student" was his pen name).[1][2] Gosset had been hired due to Claude Guinness's innovative policy of recruiting the best graduates from Oxford and Cambridge to apply biochemistry and statistics to Guinness' industrial processes.[2] Gosset devised the t-test as a way to cheaply monitor the quality of stout. He published the test in Biometrika in 1908, but was forced to use a pen name by his employer, who regarded the fact that they were using statistics as a trade secret. In fact, Gosset's identity was known to fellow statisticians."
T-Statistics help you determine the statistical significance of an independent variable in linear regression. (for those who have no idea what one is)
Beer FTW!
"The t-statistic was introduced in 1908 by William Sealy Gosset, a chemist working for the Guinness brewery in Dublin, Ireland ("Student" was his pen name).[1][2] Gosset had been hired due to Claude Guinness's innovative policy of recruiting the best graduates from Oxford and Cambridge to apply biochemistry and statistics to Guinness' industrial processes.[2] Gosset devised the t-test as a way to cheaply monitor the quality of stout. He published the test in Biometrika in 1908, but was forced to use a pen name by his employer, who regarded the fact that they were using statistics as a trade secret. In fact, Gosset's identity was known to fellow statisticians."
T-Statistics help you determine the statistical significance of an independent variable in linear regression. (for those who have no idea what one is)
Beer FTW!
