Define the null and alternative hypotheses. Discuss the relationship between the two hypotheses
What will be an ideal response?
A null hypothesis is a statement of the status quo, one of no difference or no effect. If the null hypothesis is not rejected, no changes will be made. An alternative hypothesis is one in which some difference or effect is expected. Accepting the alternative hypothesis will lead to changes in opinions or actions. Thus, the alternative hypothesis is the opposite of the null hypothesis. The null hypothesis is always the hypothesis that is tested. The alternative hypothesis represents the conclusion for which evidence is sought. The null hypothesis refers to a specified value of the population parameter, not a sample statistic. In marketing research, the null hypothesis is formulated in such a way that its rejection leads to the acceptance of the desired conclusion.
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Situational ethics refers to instances where the right decision may depend upon the circumstances
Indicate whether the statement is true or false
Lenora signs a note "payable to the order of Medical Account Collection Agency." Unless Lenora has a valid defense against payment, Lenora's liability on this note is A) immediate
B) imposed only after payment is demanded. C) postponed until the note is dishonored by the payee. D) suspended until payment is due.
The error that occurs when the number $272.00 is written as $27.20 is called a(n) ________ error.
Fill in the blank(s) with the appropriate word(s).
Key segregations of duties in the inventory management process include all of the following except separating:
A. Cost accounting from review of variance reports. B. Inventory management from cost accounting. C. Cost accounting from the general ledger function. D. Supervision of physical inventory from inventory management.