Hypothesis Testing - Discuss the concepts of hypothesis

Question # 00844956 Posted By: wildcraft Updated on: 08/21/2023 10:13 PM Due on: 08/22/2023
Subject Economics Topic General Economics Tutorials:
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Hypothesis Testing

Hypothesis testing allows us to use an analytical process to determine if a hypothesis is retained or rejected. This process compares a null hypothesis (HO), which states things as we believe they are, to an alternative hypothesis (HA), which proposes a change to what we believe exists. 

Respond to the following in a minimum words: 

a. Discuss the concepts of hypothesis testing, including what you are evaluating.

b. When hypothesis testing should be used.

c. What are the differences between a one- and a two-tailed test? 

d. Describe one example from your personal or professional experiences where you could apply a hypothesis test. Discuss how knowing that information helped you. 

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  1. Tutorial # 00840423 Posted By: wildcraft Posted on: 08/21/2023 10:14 PM
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