Null and alternate hypothesis-issues
In looking at your business, when and why would you want to use a one-sample mean test (either z or t) or a two- sample t-test? Create a null and alternate hypothesis for one of these issues. How would you use the results?
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At times we can generate a regression equation to explain outcomes. For example, employee's salary can frequently be explained by their pay grade, appraisal rating, education level, etc.
In looking at your business, when and why would you want to employ a one-sample mean test (either z or t) or a two- sample t-test? Make a null and alternate hypothesis for one of such issues. How would you employ the results?
Calculate the financial ratios.Discuss the trend. Does the trend appear to be strengthening or weakening?Compare these ratios. How is the firm performing compared to the competition?
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Forecast effect of bumper crop on price or corn. suppose that entire crop is sold this year, meaning that price elasticity of supply is zero.
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