Explain the purpose of hypothesis testing in decision-making and statistical inference.
Welcome!
Share and discuss the best content and new marketing ideas, build your professional profile and become a better marketer together.
This question has been flagged
2
Replies
142
Views
The purpose of hypothesis testing in decision-making and statistical inference is to evaluate whether a claim about a population is supported by sample data.
The purpose of hypothesis testing in decision-making and statistical inference is to evaluate whether a claim about a population is supported by sample data. It helps determine if observed results are statistically significant or due to random chance, enabling informed, evidence-based decisions.