Discussion 4
-Assess how appropriate management’s proposed use of hypothesis testing would be to validate management’s belief in cross-region purchase differences.
-Explain the goal of this hypothesis testing experiment.
-Describe the mechanics of this hypothesis testing process.
-Explain why the organization would go through the trouble of hypothesis testing in this situation. Support your discussion with relevant examples, research, and rationale.
-Evaluate which comparisons would require the use of the t-test and which would use the chi-squared test.
-Explain your answers. Support your discussion with relevant examples, research, and rationale.
In the past several weeks, you have been introduced to a range of statistical data analysis tools. Consider what you have learned in the context of progression of data, information, and knowledge.
What are the specific techniques you would consider most helpful in transforming information into knowledge (as opposed to just translating data into information)? Support your discussion with relevant examples, research, and rationale.