Explore BrainMass

Explore BrainMass

    Importance of null hypothesis, Business value

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

    What is the importance of the null hypothesis? Why has it been the backbone of mainstream hypothesis testing for decades? What are its limitations?

    What is the value of performing hypotheses tests to solve problems related to business and operations management? Provide specific examples.

    © BrainMass Inc. brainmass.com June 4, 2020, 12:07 am ad1c9bdddf
    https://brainmass.com/statistics/hypothesis-testing/importance-of-null-hypothesis-business-value-319879

    Solution Preview

    What is the importance of the null hypothesis? Why has it been the backbone of mainstream hypothesis testing for decades? What are its limitations?

    The claim made by the researcher with respect to a problem or issue in question forms the Alternate hypothesis (Ha). The opposite of this claim forms the Null hypothesis (Ho). It is used in hypothesis testing, which is the most important tool in inferential statistics.

    The null hypothesis represents "things as they already stand" In a trial, the accused is held innocent until he is proved guilty by using ...

    Solution Summary

    A Complete, Neat and Step-by-step Solution is provided.

    $2.19

    ADVERTISEMENT