Book used: Statistics for Managers Using Microsoft Excel 9th Edition| David M.

Book used: Statistics for Managers Using Microsoft Excel 9th Edition| David M. Levine| Savid F Stephan| Kathryn A. Szabat

Chapter 10

This week’s required readings explain the role that hypothesis testing plays in the modern business environment. Consider the following questions and respond in a minimum of 175 words:

What is the point of doing a hypothesis test if one is given data that show there is a difference between two groups or that there has been an increase or decrease over time?

When Would You Use a Two Sample T Hypothesis Tests?

With inferential statistics, the goal is to reject the null hypothesis. What does this mean? Do we conclude that the alternative hypothesis is correct? Why or why not?

How does hypothesis testing help support the fields of management, sociology or political science as sciences that employ the scientific method? Besides hypothesis testing, are there alternative ways to validate the research findings of social scientists?

Explain why we prefer to take surveys versus a census of a population?

Explain how organizations use statistics and data analytics to convert raw operational data into actionable information. Provide at least 1 example.