Describe a quantitative hypothesis test

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In a personal environment, describe a QUANTITATIVE hypothesis test related to a decision. What would be your data? What would be your null hypothesis? What would be your alternate hypothesis? What would be your Type 1 and Type 2 errors relative to your decision? Suppose you have a p-value of 0.01, what does this mean relative to your problem and decision? Suppose your p-value is 0.20, what does this mean relative to your problem and decision?

Reference no: EM132580807

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