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    Applications of hypothesis testing using Excel

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    Give one example that you can apply hypothesis testing in your work (in accounting).
    Give one limitation of using Excel's statistical functions for the task of hypothesis testing (i.e., what can't Excel do for you in accounting).

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    Hypothesis testing can be applied to compare the average income tax paid by the employees of my organization with the national mean income ...

    Solution Summary

    This solution describes an application of hypothesis testing and limitations of Excel`s statistical functions.