1. Why do financiers need hypothesis testing? Data sets do not cover every instance of an event or measurement So they can predict within a degree of certainty where stock prices will go in the future Stock and band pricing data is difficult to obtain and impossible to predict The normal distribution does not give them enough information to make sound decisions 2. What method would you use to gather a data set on voter preferences? Hypothesizing Sampling Distributing Engineering 3. The nult hypothesis represents no idea at all, a placeholder the new idea that you wish to prove the old idea that you wish to disprove a third idea that is completely neutral 4 The aherative hypothesis represents no idea atat a placeholder the new idea that you wish to prove the old idea that you wish to disprove a third idea that is completely neutral 5. The result of any hypothesis test is we reject or fail to reject the null hypothesis we accept or fail to accept the alternative hypothesis we accept or fail to accept the nult hypothesis we reject or fail to reject the alternative hypothesis