METHODS OF DATA ANALYSIS
DECISION MAKING WITH HYPOTHESIS TESTING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What do you call the decision making process for evaluating claims about a population based on the characteristics of a sample purportedly coming out from the population?
|
|
Hypothesis Testing
|
|
|
Hypothesis
|
|
|
Alternative Hypothesis
|
|
|
Null Hypothesis
|
Explanation:
Detailed explanation-1: -Hypothesis testing is an act in statistics whereby an analyst tests an assumption regarding a population parameter.
Detailed explanation-2: -Step 1: State hypotheses and identify the claim. Step 2: Find critical value/s. Step 3: Compute test value by using Z-Test. Step 4: Make decision to reject or to not reject the null.
Detailed explanation-3: -Hypothesis testing is a decision-making process for evaluating claims about a population. A hypothesis test determines if an observed value of a statistic (from a sample) differs enough from a hypothesized value of a parameter (from a population) to draw the inference that the hypothesized value is not the true value.
There is 1 question to complete.