qnt/561 SUBSTANTIVE WK4

Black, K. (2017). Business Statistics: For Contemporary Decision Making, (9th Edition). Hoboken, NJ: Wiley.

Respond to the following in a minimum of 175 words:

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.

#2-

#3