Question
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.
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