List out the steps involved in hypothesis testing in business mathematics
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the steps involved in hypothesis testing in business mathematics mathematics
statistic.
mentality.
statistic.
mentality.
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Step 1: State the Null Hypothesis. ...Step 2: State the Alternative Hypothesis. ...Step 3: Set α ...Step 4: Collect Data. ...Step 5: Calculate a test statistic. ...Step 6: Construct Acceptance / Rejection regions. ...Step 7: Based on steps 5 and 6, draw a conclusion about H0
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