Respond to the following In a minimum of 175 words, State appropriate null (Ho) and alternative (H1) hypotheses. What is the critical value if we work with a significant level α = 0.05?
Hypothesis testing is used in business to test assumptions and theories. These assumptions are tested against evidence provided by actual, observed data. A statistical hypothesis is a statement about the value of a population parameter that we are interested in. Hypothesis testing is a process followed to arrive at a decision between 2 competing, mutually […]