Statistical inference focuses on drawing conclusions

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Statistical inference focuses on drawing conclusions about populations from samples.

Hypothesis testing is the fundamental statistical approach used that allows you to draw valid statistical conclusions about the value of population parameters.

Choose an industry or business of interest to you and explore, discuss, and comment on some of the real world applications of hypothesis testing?

Cite some of the real world cautions related to statistical inference and hypothesis testing that managerial practitioners need to be aware of?

Reference no: EM131448446

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