BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

BUSINESS ANALYTICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The process of making a conjecture about the value of a population parameter, collecting sample data that can be used to assess this conjecture, measuring the strength of the evidence against the conjecture that is provided by the sample, and using these results to draw a conclusion about the conjecture is known as ____
A
postulation
B
hypothesis testing
C
statistical inference
D
empirical research
Explanation: 

Detailed explanation-1: -Hypothesis testing is a form of statistical inference that uses data from a sample to draw conclusions about a population parameter or a population probability distribution.

Detailed explanation-2: -A statistical hypothesis is a conjecture about a population parameter.

Detailed explanation-3: -A statistical hypothesis is an assumption about a population parameter. This assumption may or may not be true. Hypothesis testing refers to the formal procedures used by statisticians to accept or reject statistical hypotheses.

Detailed explanation-4: -Statistical inference is the procedure through which inferences about a population are made based on certain characteristics calculated from a sample of data drawn from that population.

Detailed explanation-5: -The process of using sample statistics to make conclusions about population parameters is known as inferential statistics. In other words, data from a sample are used to make an inference about a population.

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