The central bank of a country is exploring options to boost the economic activities post COVID. They are thinking to change the various interest rates to motivate investments and economic transactions. However, they are not sure whether this would yield the desired results. The research team in the bank have come up with a set of hypotheses and they are confident of conducting a research and finding the outcome. Answer the following questions: What is hypothesis testing in research? Write the steps which is followed for the same. Include details of null and alternate hypothesis in your answer.