Description
Share the null and alternative hypotheses for a decision that is relevant to your life. This can be a personal item or something at work. Additionally, identify the Type I and Type II errors that could occur with your decision‐making process.
Approx. 3 significant paragraphs, 300 words
Explanation & Answer
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Null and Alternative Hypothesis
In mathematical statistics, a hypothesis is a statement that tries to explain the occurrence
of a given phenomenon.
For example, 10% of the world population drink alcohol and Suppose a researcher
speculates students at the faculty of engineering are likely to drink alcohol than the general
public.
A type I error occurs when a true null hypothesis is rejected (Johnson 21).
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Works Cited
Black, Ken. Business statistics: for contemporary decision making. Hoboken, Nj: Wiley, 2010.
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Johnson, Burk...
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