Black, K. (2017). Business Statistics: For Contemporary Decision Making, (9th Edition). Hoboken, NJ: Wiley.
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Discussion 1
Due Thursday
Respond to the following in a minimum of 175 words:
This week, we consider how to conduct hypotheses test on one sample data. Discuss the concepts associated with these tests. Consider the following:
The difference between a one tail and a two tailed test.
The importance of stating the null and alternative hypotheses before conducting the test.
The importance of a type one error (p) in conducting the test
The relationship between the p value and our decision to accept or reject the null hypothesis
Reply to at least 2 of your classmates. Be constructive and professional in your responses.
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#3
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