Step by Step procedure in Conducting the Hypothesis Testing: prerequisites: Part 1: What is Hypothesis Testing and When it is Used? Part 2: How to decide Null and Alternate Hypothesis? https://www.isixsigma.com/ Before diving into the steps, first let’s understand the Important Terminology we need to understand: Null Hypothesis: It is a well-established fact which is believed by all the people. It can also defined as an Assumption that treats everything equally and similarly. Alternate Hypothesis: It is a new claim made against the Null Hypothesis. If we have enough evidence against the Null Hypothesis we will reject Null Hypothesis. P-value: Probability of Null Hypothesis being true. Significance level: probability of rejecting the Null Hypothesis when it is true. It is a critical point where we decide whether the Null Hypothesis is rejected or not. ...
Step by Step procedure in Conducting the Hypothesis Testing: prerequisites: Part 1: What is Hypothesis Testing and When it is Used? Part 2: How to decide Null and Alternate Hypothesis? https://www.isixsigma.com/ Before diving into the steps, first let’s understand the Important Terminology we need to understand: Null Hypothesis: It is a well-established fact which is believed by all the people. It can also defined as an Assumption that treats everything equally and similarly. Alternate Hypothesis: It is a new claim made against the Null Hypothesis. If we have enough evidence against the Null Hypothesis we will reject Null Hypothesis. P-value: Probability of Null Hypothesis being true. Significance level: probability of rejecting the Null Hypothesis when it is true. It is a critical point where we decide whether the Null Hypothesis is rejected or not. ...