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hypothesis test
Scenario You have been hired by the Regional Real Estate Company to help them analyze real estate data. One of the company’s Pacific region salespeople just returned to the office with a newly designed advertisement. It states that the average cost per square foot of his home sales is above the average cost per square foot in the Pacific region. He wants you to make sure he can make that…
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Your estimated regression coefficients are ready for the hypothesis test, but are they ready for the hypothesis exam?
Below are the Characteristics of Hypothesis Testing; Relevance to problem statement. Specificity. Clarity and ease to understand – There should…
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Statistics is a broad field of science that is often mistaken for Mathematics which is a totally different field. It…
Something I learned In Statistics
If the claim isn't equal, reject the Ho.
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