{"id":155764,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/hypothesis-testing-and-business-decisions"},"modified":"2017-08-17T18:31:33","modified_gmt":"2017-08-17T18:31:33","slug":"hypothesis-testing-and-business-decisions","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/hypothesis-testing-and-business-decisions\/","title":{"rendered":"Hypothesis Testing and Business Decisions"},"content":{"rendered":"<p>Hypothesis testing is a well-structured process that consists of several logical steps, and it aims at refining a&nbsp;<a class=\"business\">business<\/a>&nbsp;decision. Hypothesis testing is a quite common technique used by researchers.<br \/> \u2013 What are the steps to conduct a hypothesis test? How does a researcher determine which statistical test to conduct?<br \/> \u2013 How does a researcher determine which level of significance to use?<br \/> \u2013 What software programs can be used to compute these tests? Where is the critical test value found?<br \/> \u2013 How can one determine if the null hypothesis should be rejected?<br \/> \u2013 Give a business example on each of the three possible cases of hypothesis testing. Do you think the rejection region will be different in each one of the three cases? Why? Why not?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hypothesis testing is a well-structured process that consists of several logical steps, and it aims at refining a&nbsp;business&nbsp;decision. Hypothesis testing is a quite common technique used by researchers. \u2013 What are the steps to conduct a hypothesis test? How does <a href=\"https:\/\/www.benedictsol.com\/blogs\/hypothesis-testing-and-business-decisions\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-155764","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/155764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=155764"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/155764\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=155764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=155764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=155764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}