What role does the central limit theorem play in testing


Problem

1. What role does the central limit theorem play in statistical hypothesis testing? In the construction of confidence intervals?

2. What is the difference between a null and alternative hypothesis? Among size, significance level, and power? Between a one-sided alternative hypothesis and a two-sided alternative hypothesis?

3. Why does a confidence interval contain more information than the result of a single hypothesis test?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Econometrics: What role does the central limit theorem play in testing
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