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Hypothesis vs. Theory

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Please help understand these questions:

1) What is the difference between hypothesis and theory? If there is a difference between the two, what comes first - hypothesis or theory?
2) Why is it important to test a hypothesis? Give the rationale. Can we conduct research without hypothesis testing? Can you think of an example in an organization where research was conducted using hypothesis testing?

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Solution Summary

Here we describe in-brief difference between hypothesis and theory.

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1) Hypothesis is proposed postulates to explaining a phenomena.
A hypothesis is proposed based on some observations or experiments.
A theory is the result of scientific testing of a hypothesis,
and developing an explanation that is taken to be true about ...

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