Describe why hypothesis testing is important to businesses

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Reference no: EM132432858 , Length: word count :- 1000

Write an 800-1,000-word essay, utilizing APA formatting, to discuss the following:

Question 1: Describe why hypothesis testing is important to businesses.

  • Report your findings from each Chi-square test that you conducted.

Question 2: Based solely on the Chi-square test, discuss whether the company should accept the null hypothesis in each region or reject it in favor of the alternate hypothesis.

Question 3: Discuss any other statistical analyses you would want the company to contemplate before deciding if it will go with a defined or open sales strategy.

Question 4: Describe and discuss at least 1 other business scenario in which you believe Chi-square testing would be helpful to a company.

Reference no: EM132432858

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