Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Research questions and hypoteses are different. Provide an example of each and identify the differences between the two. 2. RESPONSE: A business hypothesis describes

1. Research questions and hypoteses are different.

Provide an example of each and identify the differences between the two.

2. RESPONSE: A business hypothesis describes a testable, precise, and discrete item that a person would want to investigate to see if a business or product could be successful.The benefit of using a hypothesis is that it gives more rigor to business questions and reduces the likelihood of incurring false positives and false negatives.It also helps to reduce bias and opinions.Hypotheses also permit pivoting to new ideas if the tested hypothesis appears unlikely to give a positive with regard to desirability, viability, or feasibility (Bland & Osterwalder, 2020).A specific hypothesis for a solar panel cleaning business could be: we believe that homeowners older than 50 years of age will pay $2,500.00 to have their solar panels cleaned with a profit of $1,500.00 per job.This hypothesis helps to test whether homeowners would want their solar panels cleaned and how much they would be willing to pay. Based upon this and feasibility testing, the total profit and viability of a solar panel cleaning business would be assessed.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Negotiation

Authors: Lewicki, Roy J, Barry, Bruce, Saunders, David

5th Edition

9780071267731

More Books

Students also viewed these Psychology questions

Question

Conducting and discussing the compensation review

Answered: 1 week ago

Question

Appraisal process and timing

Answered: 1 week ago

Question

How to communicate positive and negative feedback

Answered: 1 week ago