Describe the decision situation: What is the desired outcome or the question that needs to be answered, and what are the actions being considered? Without hypothesis testing, how are decisions being made currently?

  1. Describe the decision situation: What is the desired outcome or the question that needs to be answered, and what are the actions being considered? Without hypothesis testing, how are decisions being made currently?
  2. How would you set up the hypothesis test? State what the null and alternative hypothesis would be, what kind of a test you would use.
  3. Describe the data you would use: What do you need, how much do you need, where would it come from? Is all the data currently being recorded or will it need to be collected? If it needs to be collected, will it need to be sampled (why), or can the entire data be recorded? Please make sure to answer all these questions in your explanation.
  4. How would you explain to management the significance of this test? How would you convince them that using this is necessa