Data Analytics Question Needs
I’m working on a data analytics multi-part question and need an explanation to help me study.
Hypothesis testing is used in business to test assumptions and theories. These assumptions are tested against evidence provided by actual, observed data. A statistical hypothesis is a statement about the value of a population parameter that we are interested in. Hypothesis testing is a process followed to arrive at a decision between 2 competing, mutually exclusive, collective exhaustive statements about the parameters value.
Consider the following scenario: An industrial seller of grass seeds packages its product in 50-pound bags. A customer has recently filed a complaint alleging that the bags are underfilled. A production manager randomly samples a batch and measures the following weights:
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