Question
I need help with an explanation. Hypothesis testing is used in business to test assumptions and theories. These assumptions are tested against evidence provided by
I need help with an explanation.
Hypothesis testing is used in business to test assumptions and theories. These assumptions are tested against evidence provided by actual, observed data. A statistical hypothesis is a statement about the value of a population parameter that we are interested in. Hypothesis testing is a process followed to arrive at a decision between 2 competing, mutually exclusive, collective exhaustive statements about the parameter's value.
Consider the following scenario: An industrial seller of grass seeds packages its product in 50-pound bags. A customer has recently filed a complained alleging that the bags are underfilled. A production manager randomly samples a batch and measures the following weights:
Weight, (lbs)
45.649.5
47.746.7
47.648.8
50.548.6
50.251.5
46.950.2
47.849.9
49.349.8
53.149.3
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