Question

How should you test a hypothesis ?

Answer 1

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Example of performing a basic hypothesis test

1]Specify the hypotheses. First, the manager formulates the hypotheses. ...

2]Choose a significance level (also called alpha or α). ...

3]Collect the data. ...

4]Compare the p-value from the test to the significance level. ...

5]Decide whether to reject or fail to reject the null hypothesis.

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