Question: Hypothesis testing settles such questions by analyzing statistical data and is key to managing intelligently. Without these answers, you cannot be sure if the actions

Hypothesis testing settles such questions by analyzing statistical data and is key to managing intelligently. Without these answers, you cannot be sure if the actions you are taking are working out or whether things really are the way you think they are. If you do not know these, how can you know what to do? For this discussion, describe a key question or claim that may drive important actions from your work, as in the examples above. Follow the template below and answer all questions (using the template below is part of the requirements- you will lose points if you do not follow the template and skip portions of what is being asked): Describe the key question: What is the key question/claim that needs to be settled? What are the actions being considered based on the possible answers? Without hypothesis testing, how is management deciding on the answer to the question? What is the variable? How would you set up the hypothesis test? First, pick an appropriate variable to measure the element in question (Note that this must be specific and measurable (countable)). Then, state what the null and alternative hypotheses would be and what kind of a test you would use. Describe the data you would use: What do you need and where would it come from? Does it need to be collected or does it already exist? How would you explain to management the significance of this test? How would you convince them that using this is necessary? What would be the drawback of not using a hypothesis test in this situation

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