StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Testing Hypotheses in Business - Speech or Presentation Example

Cite this document
Summary
The paper "Testing Hypotheses in Business" focuses on the fact that Hypothesis testing plays an important role in business decision making. It is used in science and business to test assumptions and theories and ultimately guide managers when facing decisions…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.6% of users find it useful
Testing Hypotheses in Business

Extract of sample "Testing Hypotheses in Business"

The assumptions that the population is normal, but it's standard deviation σ is unknown are being made for this computation. Yes, they are reasonable. In practice, the assumption of a normal population can be relaxed as long as the population is not badly skewed. Furthermore, we do not know the population characteristics, such as standard deviation, most of the time.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Aleks Individual Practice and Coursework Quiz Speech or Presentation”, n.d.)
Aleks Individual Practice and Coursework Quiz Speech or Presentation. Retrieved from https://studentshare.org/statistics/1598784-aleks-individual-practice-and-coursework-quiz
(Aleks Individual Practice and Coursework Quiz Speech or Presentation)
Aleks Individual Practice and Coursework Quiz Speech or Presentation. https://studentshare.org/statistics/1598784-aleks-individual-practice-and-coursework-quiz.
“Aleks Individual Practice and Coursework Quiz Speech or Presentation”, n.d. https://studentshare.org/statistics/1598784-aleks-individual-practice-and-coursework-quiz.
  • Cited: 0 times

CHECK THESE SAMPLES OF Testing Hypotheses in Business

Individual Assignment: Discussion Questions

hypotheses in business and Operations Management Hypothesis testing seems to be perceived as a theory in a modern setup.... hypotheses in business and Operations Management Hypothesis testing seems to be perceived as a theory in a modern setup.... in business Dictionary.... Hypothesis testing aids a business to better understand the data and from there, help on production control.... Null Hypothesis Null hypothesis pertains to the hypotheses that were created assuming the likelihood that it will be rejected....
2 Pages (500 words) Assignment

Introduction to the Hypothesis Testing

The paper "Introduction to the Hypothesis testing" concerns the importance of the hypothesis testing.... Hypothesis testing, therefore, involves testing claims, statements or assumptions about various properties of a population which is developed for testing purposes.... Hypothesis testing therefore involves testing claims, statements or assumptions about various properties of a population which is developed for testing purposes....
5 Pages (1250 words) Research Paper

Research Methods for Business by Uma Sekaran

The following book report "Research Methods for business by Uma Sekaran" is focused on the processes of a research method in relation to business.... This trend has reduced this morale towards working and consequently the business has lost substantial profits.... These hypotheses are intended to examine whether the theory is sound suitable or not.... After building the theoretical framework, the derivation of the hypotheses follows....
9 Pages (2250 words) Book Report/Review

Business Decision Making

Decision making is very important in business organization since this identifies the most strategic direction that it can take considering its internal and external environments.... Running Head: BUSINESS DECISION MAKING Business Decision Making in APA Style by Decision making is very important in business organization since this identifies the most strategic direction that it can take considering its internal and external environments.... As the name implies, the test utilizes hypotheses in order to come up with a decision. ...
2 Pages (500 words) Essay

Practical Decision Making

The first step in testing hypotheses is to establish the hypothesis and state the null and alternative hypotheses.... (business Statistics 4e by Ken Black).... Then the business Implications are determined.... Once the statistical conclusion is stated and the business implications are determined a managerial... he Null and Alternative hypotheses are mutually exclusive.... nderstanding the logic of hypothesis testing and knowing how to establish null and alternate hypothesis is of incredible importance to an inquisitive researcher who wants to improve decision quality on the basis of a solid analysis. ...
4 Pages (1000 words) Essay

Hongkong Stock Exchange from 1997-2007

Practitioners of finance and economics who have studied stock market behaviour have proposed several hypotheses, one of which is the so-called Overreaction Hypothesis (ORH).... Financial market efficiency implies that prices reflect the intrinsic values of stocks being bought and sold in the market, and that stock price behaviour over time is a random walk....
7 Pages (1750 words) Essay

Discussion Questions Week One

Present a problem in the workplace or in the media that hypothesis testing could be applied to solve a business problem.... ypothesis testing is very much important and is now widely utilized in coming up with significant business decisions.... This is a very important issue which can be resolved using hypothesis testing noting that business organizations are now on the lookout for various techniques in order to motivate employees to excel in their respective posts....
2 Pages (500 words) Essay

Hypothesis Testing as a Statistical Tool and Its Application in the Current Business Setup

tatistics is one of the oldest fields in business studies.... "Hypothesis Testing as a Statistical Tool and Its Application in the Current business Setup" paper argues that in testing for a hypothesis, it is necessary that one clearly specifies the hypothesis they are willing to test, and this implies that the null and alternative hypothesis must be outlined.... For a remarkable period of time, statistical tools have often been used to ascertain facts and fictions commonly encountered in day to day business activities....
6 Pages (1500 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us