HYPOTHESIS FORMULATION AND TESTING

A hypothesis is nothing more than a statement that requires verification. Hence, it remains speculation until tested. Hypotheses are useful for verifying inferences from data and for determining the differences between observations and expectations.

A hypothesis has two parts: the null hypothesis (Ho) and the alternate hypothesis (Ha). The null hypothesis is a negative statement while the alternate hypothesis is phrased positively.

A problem with having a null and alternate hypothesis is that an incorrect conclusion can be drawn, also known as an inferential error, from a sample. There are two types of these errors: type I and type II. Type I occurs when the null hypothesis is rejected even though it is, in ...

Get Tools and Tips for Today's Project Manager now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.