
The reign of p-values is over. Statisticians rejoice!
In statistics we have some odd rule of thumbs, despite evidence that does little to support it. All our classic texts say that if we have a sufficient sample size then we can make assumptions about the distribution of the sample mean based on the Central Limit Theorem. In cases that involve the t-distribution, if n ≥ 30 then we can apply the CLT and use the z-value instead of the t-value, and yet the t-value for any given significance level is still pretty far from the respec