Hypothesis Testing
Cheng-Few Lee,
John C. Lee and
Alice C. Lee
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Cheng-Few Lee: Rutgers University Business School, Department of Finance and Economics
John C. Lee: Center for PBBEF Research
Chapter Chapter 11 in Statistics for Business and Financial Economics, 2013, pp 487-542 from Springer
Abstract:
Abstract Business managers must always be ready to make decisions and take action on the basis of available information. During the process of decision making, managers form hypotheses that they can scientifically test by using that available information. They then make decisions in the light of the outcome. In this chapter, we use the concepts of point estimate and interval estimate discussed in Chaps. 8 , 9 , and 10 to test hypotheses made about population parameters on the basis of sample data.
Keywords: Null Hypothesis; Alternative Hypothesis; Sample Standard Deviation; Population Proportion; Rejection Region (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4614-5897-5_11
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DOI: 10.1007/978-1-4614-5897-5_11
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