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Develop quantitative null and alternative hypotheses for a decision that is relevant to your life. This...

Develop quantitative null and alternative hypotheses for a decision that is relevant to your life. This can be a personal item or something at work. Be sure to define/discuss the following in your post:

-All variables (include numerical values for your variables)

-The appropriate test statistic, and whether it is a one- or two-tailed test

-Explain your selection process

-Identify the Type I and Type II Errors that could occur with your decision‐making process

-Lastly, share your proposed next steps based on your results

-Be sure to include your references to support your findings

Solutions

Expert Solution

Answer:

Null hypothesis :

In the event that one individual beginnings working following secondary school and another individual attends a university or college after secondary school before the individual beginnings working, there will be the same later on winning between the two people.

Alternative hypothesis :

On the off chance that one understudy starts working following secondary school and another individual attends a university or college after secondary school before the person starts working, there will contrast later on profit between the two people.

Type I Error :

It happens when the null hypothesis i.e., Ho is dismissed/rejected when it is valid in all actuality.

For my situation, it will happen when I dismiss that, "On the off chance that one individual beginnings working following secondary school and another individual sets off for college or college after secondary school before the person starts working, there will be the same later on winning between the two people" yet it is valid as a general rule.

Type II Error :

It happens when alternative hypothesis Ha is dismissed/rejected however it is genuine with regards to the real world.

It will occur on the off chance that I dismiss that, "On the off chance that one understudy starts working following secondary school and another individual sets off for college or college after secondary school before the person in question beginnings working, there will contrast later on income between the two people" however with regards to the real world, the theory is valid.

milcah answered 1 year ago
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