Five step method of hypothesis testing
Not what you're looking for?
I need to complete the following - please help me so I can expand on your ideas:
Complete and submit a 1000-word report describing the methodology involved in Hypothesis testing. It is required that you include an example of a business situation in which hypothesis testing can utilized.
Purchase this Solution
Solution Summary
An outline with explanations of the five step method of hypothesis testing and a basic example to start the process of critical thinking about an example company to use.
Solution Preview
I have given you the 5 step test methodology and a not very detailed example which you can change and modify to reach your goal of 1000 words and show you understand the material. Follow the steps and explanations carefully, modifying them as well so you understand them. Read each one and make sure you can find the examples of each in your text or lecture notes as well.
The five steps of the hypothesis methodology are relatively simple in format. They are:
Once you have found a problem that needs solving
1) Form a hypothesis. What do you expect the answer to the problem to be? What do you want to find out? In either case you write your hypothesis as concisely as possible, either in words or numeric form. H1: Sales equal 12%. Or H1: n = 15
The next step is to find the testing hypothesis which is generally the opposite of the hypothesis. You are trying to prove the null, which is what the ...
Purchase this Solution
Free BrainMass Quizzes
Measures of Central Tendency
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.
Measures of Central Tendency
This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.
Know Your Statistical Concepts
Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.
Terms and Definitions for Statistics
This quiz covers basic terms and definitions of statistics.