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Showing posts with the label hypothesis testing

Book Review 01: "Your Money or Your Life" by Vicki Robin and Joe Dominguez (Coming soon)

How to develop a Case Study, find a standard procedure ?

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Developing a case study involves thoroughly analyzing a subject or situation to extract key insights, learnings, and recommendations. Below is a detailed outline for creating a comprehensive case study: 1. Identify the Subject and Purpose Subject Selection : Choose a subject (e.g., a company, process, individual, or product) that has sufficient data available. Ensure the subject aligns with your target audience's interests. Purpose Definition : Clearly state the purpose of the case study—whether it’s to solve a problem, analyze an outcome, or learn from success or failure. 2. Conduct Initial Research Background Information : Gather general information about the subject to set the context. Identify the primary stakeholders involved. Formulate Key Questions : Develop research questions that help focus your study (e.g., "What was the key problem faced by the company?"). 3. Develop a Case Study Structure Title Page : Include the case study title, author(s), and date of comple
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What is a hypothesis and its types?

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 A hypothesis is a statement that can be tested through scientific research, representing a proposed explanation for a phenomenon or a prediction about relationships between variables. There are several types of hypotheses, each with a distinct purpose and use. Below is the outline of the major types of hypotheses in detail: 1. Null Hypothesis (H₀) The Null Hypothesis states that there is no effect or no relationship between the variables being studied. It is used to test whether any observed effects in a study are due to chance. Purpose : The null hypothesis serves as a starting point for testing and provides a benchmark against which the actual outcomes are compared. Example : In a study testing a new drug, the null hypothesis might state that "There is no difference in the effectiveness of the new drug compared to a placebo." 2. Alternative Hypothesis (H₁ or Hₐ) The Alternative Hypothesis states that there is an effect or a relationship between the variables. It is what
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