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Business Applications of Hypothesis Testing

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question 1 of 3

What are the two hypotheses used in hypothesis testing?

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1. What value should be pre-selected for comparison purposes when running a hypothesis test?

2. In hypothesis testing, data that falls into the critical region is used for what purpose?

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About This Quiz & Worksheet

This five-question quiz and worksheet is a fast way to ascertain how much you know about using hypothesis testing in business. Among other topics, the quiz requires you to know the kind of comparison test that should be used when assessing whether your data is greater than a stated value.

Quiz & Worksheet Goals

You'll be quizzed on the following:

  • Two hypotheses used in hypothesis testing
  • Pre-selecting values for comparison when running a hypothesis test
  • Using data that falls into the critical region in hypothesis testing
  • The comparison test to use when assessing greater than aspects of measured data
  • A commonly used value of statistical significance

Skills Practiced

  • Knowledge application - use your knowledge to answer a question about the two hypotheses used in hypothesis testing
  • Information recall - access the knowledge you've gained about the purpose of data that falls into the critical region in hypothesis testing
  • Reading comprehension - ensure that you draw the most important information from the related lesson on business applications of hypothesis testing

Additional Learning

You can learn even more about this topic by studying the lesson titled Business Applications of Hypothesis Testing. Here's a quick look at topics covered:

  • An overview of the hypothesis testing process
  • The definition of 'critical region'
  • Examples of hypothesis testing
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