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Analysis of Available Information and Verification of Hypothesis:
most of the time that a scientist spends in training is devoted to learning how to analyze and interpret information. Qualitative as well as quantitative methods may be used for this purpose.
Prediction and Generalization of Results and Consideration of Alternative Methods: Once a model has been verified a theory is developed from the model to obtain a complete description of the problem. This is done by studying the effects of changes in the parameters of the model. The theory so developed may use to extrapolate into the future .
Lastly the analyst determines the alternative methods of solving the problem and recommends a new research based on revised hypothesis.
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Level of Significance In testing a given hypothesis the maximum probability with which we would be willing to take risk is called level of significance of the test.
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