· What would be your data?
In your environment (business or personal), please describe a hypothesis test related to a decision.
· What would be your data?
· What would be your null hypothesis?
· What would be your alternative hypothesis?
· What would be your Type 1 and Type 2 errors relative to your decision?
· Suppose you have a p-value of 0.01, what does this mean relative to your problem and decision?
· Suppose the p-value is 0.20, what does this mean relative to your problem and decision?