5-step hypothesis by using nonparametric test

Reference no: EM13108227

You do not need to collect data and actually conduct the test calculations. Rather,state the claim, define the null and alternate hypotheses, identify the test significance and the test statistic, and state the decision rule that will be used. The decision rule may be based on critical values or on the p-value approach...Describe a 5-step hypothesis test using any one of the nonparametric tests, such as chi. I feel an example that relates to my industry would help me understand this better. I work in the Real Estate Finance industry, so real estate, banking, human resource, or a general office management example would be helpful.

Reference no: EM13108227

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