Creating a hypothesis
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You're trying to explain null and alternative hypotheses to one of the senior managers at Company W and he's not "getting it" when you use snack food sales. Help him by thinking about a business problem in another organization or department. Formulate a null hypothesis and the corresponding alternative hypothesis that could be tested.
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Solution Summary
This solution created a null and alternative hypothesis that could be implemented
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Hypothesis testing is a very effective tool that is used in almost all business applications these days to predict with a reasonable level of confidence whether a particular assertion will come out to be true or not. The assertion usually goes into the alternative hypothesis, and the negation of the alternative hypothesis becomes the null hypothesis. A carefully selected test statistic is then used to make predictions about the entire ...
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