(Answered) Dq 1statistical inference focuses on drawing conclusions

Engineering

DQ 1

Statistical inference focuses on drawing conclusions about populations from samples.

Hypothesis testing is the fundamental statistical approach used that allows one to draw valid statistical conclusions about the value of population parameters.

a. Choose an industry or business of interest and explore, discuss, and comment on some of the real-world applications of hypothesis testing?

b. Cite some of the real-world cautions related to statistical inference and hypothesis testing that managerial practitioners need to be aware of?

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