1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paraphin [41]
3 years ago
7

Describe a problem you face in your everyday life or at work. How might you use hypothesis testing to find a solution or improve

ment to that problem? Would you conduct a one-sample or two-sample test? What would be your null and alternative hypotheses?
Business
1 answer:
Tju [1.3M]3 years ago
4 0

Answer:

The common problem i encounter mostly is the statistical modelling problem.

In this scenario we choose best combination of independent variables for the hypothesis testing. the independent variable shows the significant effect on dependent variable so we keep it in modelling.

My null hypothesis would be that there is no significant effect of independent variable on dependent variable.  for my alternative hypothesis there exist is significant effect of independent variable on dependent variable.

Explanation:

Solution

The common problem I face daily is the statistical modelling problem which is the selection of relevant independent variable for prediction modelling.

In this example to select the best combination of independent variables we use hypothesis testing. if the independent variable has significant effect on dependent variable then the independent variable shows the significant effect on dependent variable so we keep it in modelling. In this way the model gets improved.

Since there are always two variables or two categories. hence it has a two sample test.

The Hypothesis can be shown below:

Null hypothesis:

H0:There is no significant effect of independent variable on dependent variable.

Alternative hypothesis:

Ha: There is significant effect of independent variable on dependent variable.

You might be interested in
1.What similarities do you see in current-day medicine and medicine in ancient 2.times? What differences do you see in current-d
tatyana61 [14]
There aren't very many similarities in modern and ancient medicine, however one othe similarities would be acupuncture. We still use acupunture today" as the ancient Chinese did thousands of years ago.
8 0
3 years ago
With respect to the product decision, managers must be able to accept risk and tolerate failure. why this is a necessary hazard
Anastaziya [24]

Answer:

The correct answer is: Regarding the above, it is taken into account that the vast majority of new product ideas do not become marketable products, and most marketable products are failures. Perhaps hundreds of designs accompany each success. So it is the primary task of management to clearly assess the market in order to know what are the trends that allow a business duration over time.

Explanation:

The production or service execution process is the core process that encompasses all the operations carried out by an organization to transform requirements into a final product or service. The entries that involve orders and budgets become work orders that allow planning, design, manufacturing and execution, all supported by the support processes that involve purchases and resources. Finally, the exit of this activity constitutes the process of expedition and after-sale.

3 0
3 years ago
What fact or facts support a situation where trade is advantageous?
geniusboy [140]
What were the choices
3 0
3 years ago
Read 2 more answers
What kind of risks can exist in a business?
andriy [413]
So many! Failing is the main one and losing everything
7 0
3 years ago
Read 2 more answers
Which of the following statements is TRUE about a career?
spin [16.1K]

Answer:b. A career is a series of steps or accomplishments working towards a lifelong ambition or goal.

Explanation:

8 0
3 years ago
Other questions:
  • In ______, the organization is either trying to get people inside the company to apply for different job openings or to get outs
    9·1 answer
  • Relay Corporation manufactures batons. Relay can manufacture 300,000 batons a year at a variable cost of$750,000 and a fixed cos
    8·1 answer
  • IKEA sells a portable workbench called the FARTFULL. The product has many positive features, and in German or Swedish markets, t
    9·1 answer
  • Flaws are counted on a standard steel plate (sheet). Each sheet has the exact same dimensions. If 8 sheets are selected at rando
    8·1 answer
  • Cadmia and Rhodia specialize in the production of electronics and pharmaceutical products respectively. They are considered the
    11·1 answer
  • Sixty percent of Company A’s employees are considered top performers. Fifty five percent of Company A’s employees are in a rigor
    5·1 answer
  • According to the model developed in Chapter 3, when government spending increases and taxes increase by an equal amount:
    14·1 answer
  • Prime Inc. has come up with a new product development project for which the project manager forms a team. The team includes Cam,
    9·1 answer
  • Will there always be a demand for inferior goods? how could demand for an inferior good decrease? explain.
    15·1 answer
  • Intel buys a manufacturing machine for $100,000 for use in making computer processors. The company also paid 7% ($7,000) sales t
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!