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This week, you have to give a lesson on Hypothesis Testing. You need to explain the following to your class- Null Hypothesis vs. Alternate Hypothesis

This week, you have to give a lesson on Hypothesis Testing. You need to explain the following to your class-

  1. Null Hypothesis vs. Alternate Hypothesis
  2. One Tailed Test vs Two Tailed Test - how do we know when to use what?
  3. What is Type I error?
  4. How do we determine the test statistic and p-value?
  5. How do we determine the critical value and draw our conclusion?

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