Quantitative Business Analysis: Hypothesis Testing (300 Words)
think like a statistic student………..
Share with your peers the null and alternative hypotheses for a decision that is relevant to your life. This can be a personal item or something at work. Additionally, identify the Type I and Type II errors that could occur with your decision‐making process.Be sure that you set up the hypotheses and state what your parameter is:
μ : the population mean
P: the population proportion
and explain what they are in your situation. Think carefully about how you set up your hypotheses. This assignment might be harder than it looks. APA Guidelines — 2 Sources