gmat305 Week 4 Discussion 2

Often firms will make use of hypothesis testing to determine patterns in order to make informed business decisions. What are the advantages of hypothesis testing in the making of informed business decisions? Are there questions that cannot be answered through the use of hypothesis testing? Provide several real-world examples related to business. Remember - citing assigned course materials is encouraged to demonstrate tie-in to concepts covered, but it is not considered outside research for the purposes of our discussions. this the book statistical techniques in business & economcis