Explore BrainMass

Business Research and Hypothesis Testing

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

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?

© BrainMass Inc. brainmass.com October 16, 2018, 6:37 pm ad1c9bdddf

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.

Similar Posting

Hypothesis testing for business research

Can anyone help with this one? I'm kind of lost.

You have asked to research the high absenteeism rate in your company. One required analysis is to be by gender. Assume you have been asked to do the study via a survey.

§ What secondary research might you do before doing the survey?

§ Other than gender what other demographic information might you want?

§ What question would you ask on the survey to get ratio level data about absenteeism by the respondent

§ Describe at least three histograms/bar charts/pie charts.

§ Describe at least one table you would use to summarize data.

§ Describe at least one confidence interval you might compute

§ State at least two hypotheses you might use, specifically stating the null and alternate hypotheses and the type errors that might occur

View Full Posting Details