1. Statisticsfor Management Lesson 5 Fundamentalsof Hypothesis Testing 2. Lesson Topics 1. What is a Hypothesis? Hypothesis Testing Methodology Hypothesis Testing Process…

Slide 1 Fundamentals of Hypothesis Testing Slide 2 Identify the Population Assume the population mean TV sets is 3. (Null Hypothesis) REJECT Compute the Sample Mean to be…

Slide 1 Murali Shanker – Fundamentals of Business Statisitcs Chap 8-1 Business Statistics: A Decision-Making Approach 6 th Edition Chapter 8 Introduction to Hypothesis…

Slide 1 Fall 2006 – Fundamentals of Business Statistics 1 Chapter 8 Introduction to Hypothesis Testing Slide 2 Fall 2006 – Fundamentals of Business Statistics 2 Chapter…

Slide 1 Chap 8-1 Chapter 8 Introduction to Hypothesis Testing Slide 2 Chap 8-2. Chapter Goals After completing this chapter, you should be able to: Formulate null and alternative…

Slide 1 © 2002 Prentice-Hall, Inc.Chap 7-1 Statistics for Managers using Excel 3 rd Edition Chapter 7 Fundamentals of Hypothesis Testing: One-Sample Tests Slide 2 © 2002…