Making important business decisions

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In business, managers are consistently faced with making important business decisions that involve one event occurring over another. Hypothesizing in business assists leadership in deciding which avenue to take for the overall health of the organization.

Respond to the following:

  • What is difference between a null hypothesis and an alternate hypothesis?
  • How can the null hypothesis and alternate hypothesis be used in making critical business decisions? Give examples.

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Reference no: EM131071507

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