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Business Research and Hypothesis Testing

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1. What value is business research and hypothesis testing to a company?
Start by defining business research and the steps in hypothesis testing. Then explain the value of business research and hypothesis testing using your organization as an example.

2. What is the "perfect" standard normal distribution? Explain your answer.

3. How can manufacturing companies use the standard normal distribution to determine quality control of their products?

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Solution Summary

This solution of 1,348 words explains the value of research and hypothesis testing to a company by using the examples of market research, product research, advertising research, statistical hypothesis, null hypothesis and alternative hypothesis. It also discusses the perfect standard normal distribution and how manufacturing companies can use it to determine quality control of their products.

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