Hypothesis Testing:
· A Null Hypothesis is the status quo. It is so formulated that the rejection leads to the conclusion which is Alternate Hypothesis
· Researchers and decision makers want to prove the Alternate hypothesis
· H0 indicates Null Hypothesis
· H1 indicates Alternate Hypothesis
· Evaluates two mutually exclusive statement on a population using sample data
o Steps involved in Hypothesis Testing
1. Make Initial Assumption(H0)
2. Collect Data(Evidences)
3. Reject or Accept Null Hypothesis
· Rejecting Null Hypothesis when it is True is Type 1 error
· Fail to Reject Null Hypothesis when it is False is Type 2 error
Example for Hypothesis Testing:
· Null hypothesis — Peppermint essential oil has no effect on the pangs of anxiety.
· Alternative hypothesis — Peppermint essential oil alleviates the pangs of anxiety.
Two-tail test normal distribution curve
P-value: It is the probability for the Null Hypothesis to be True
Null Hypothesis: It treats everything same or equal
If the value falls beyond the lower limit or falls beyond the upper limit, Null Hypothesis is rejected.
Confidence interval: Range of the population mean between lower limit and upper limit.