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Solve at least one related problem from thefollowing topics: Fundamentals of Hypothesis Testing Framework of hypothesis testing Risk in decision making using hypothesis Two approaches

Solve at least one related problem from thefollowing topics:

  • Fundamentals of Hypothesis Testing
  • Framework of hypothesis testing
  • Risk in decision making using hypothesis
  • Two approaches to hypothesis testing: Critical value approach and p-value approach
  • Statistical and managerial decision making
  • Z-test of hypothesis for the mean (s is known)
  • t-test of hypothesis for the mean (s is unknown)
  • Z-test of hypothesis for the proportion
  • Pitfalls and ethical issues associate to hypothesis testing.

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