What purposes does the null hypothesis serve?

What will be an ideal response?


ANS:
First, the null hypothesis acts as a starting point, since it is the state of affairs that is accepted as true in the absence of any other information. The second purpose of the null hypothesis is to provide a benchmark against which observed outcomes can be compared to see how likely it is that these outcomes are due to some other factor. The null hypothesis helps to define a range within which any observed differences between groups can be attributed to chance or due to something other than chance.

Business

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Bonds issued in a series so that a specified amount of principal matures each year are called serial bonds

Indicate whether the statement is true or false

Business

The AICPA Audit and Accounting Guide: Health Care Organizations applies to:

A. Investor-owned health care organizations. B. Governmentally owned health care organizations. C. Private not-for-profit health care organizations. D. All of the above.

Business

While demographic and geographic segmentation of retail customers are relatively easy, these characteristics do not help marketers determine

A. how old their customers are. B. which customers have young children. C. what their customers need. D. what income brackets their customers are in. E. where their customers live.

Business

The difference between the largest and the smallest data values is the __________

Fill in the blank(s) with correct word

Business