BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Statistical hypothesis: A statement about the nature of a population. It is often stated in terms of a population parameter. Null hypothesis: A statistical hypothesis that is to be tested. Alternative hypothesis: The alternative to the null hypothesis.

Detailed explanation-2: -When you conduct a piece of quantitative research, you are inevitably attempting to answer a research question or hypothesis that you have set. One method of evaluating this research question is via a process called hypothesis testing, which is sometimes also referred to as significance testing.

Detailed explanation-3: -Hypothesis tests are used to make decisions or judgments about the value of a parameter, such as the population mean. There are two approaches for conducting a hypothesis test; the critical value approach and the P-value approach.

Detailed explanation-4: -Hypothesis testing is a procedure, based on sample evidence and probability, used to test claims regarding a characteristic of a population. A hypothesis is a claim or statement about a characteristic of a population of interest to us.