- There are seven different situations where hypothesis testing can be used to analyze your data. Please identify and discuss each of the different uses of hypothesis testing.
There are two decisions to be made; a statistical decision and an economic or investment decision? Can anyone tell us why there are always two decisions to be made?
In hypothesis testing there is never a single hypothesis. In hypothesis testing you always have a set of hypotheses, can anyone tell what this set is comprised of?
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Write My Essay For Me- Please explain each of the following six steps in hypothesis testing.
- Develop the Research Question.
- Develop a null and alternate hypothesis.
- Select a level of significance.
- Identify the test statistic.
- Formulate a decision rule:
- Make a decision Based on the p-value.
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