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    Hypothesis testing

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    How is hypothesis testing utilized for business research?

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    Hypothesis testing is the problem where we have to test if a given claim is true or not. Given that an event has occured, the problem of hypothesis testing is to compute a "test statistic" and a threshold such that the computed statistic is always greater than the threshold for the claimed event and always less than the threshold for all other events. Such a test is called a "uniformly ...