question archive hypothesis testing may sound like a complicated task
hypothesis testing may sound like a complicated task
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hypothesis testing may sound like a complicated task. It really should not be. In simple terms, the whole process is about assumptions. Analysts assume that something has validity, and they need to test whether such an assumption can be rejected. If an assumption has validity, then people can make more accurate predictions. In short, it is about assumptions and testing whether these assumptions were valid.
What is an example of a null hypothesis and a corresponding example of an alternative hypothesis in regards to business or school related activities?
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Example: Null hypothesis-Restaurant business is earning more than 100,000 a day.
While the Alternative hypothesis is restaurant business is earning 100,000 or less a day.
Step-by-step explanation
Null hypothesis concept is similar to "innocent until proven guilty",that it needs to be tested, while the Alternative hypothesis is everything else
