Bus 5113 certification - Study guides, Class notes & Summaries

Statistically significant differences when a difference is big enough that it is unlikely to have occurred due to chance managerially significant differences when any observed difference in findings is considered significant enough to influence management decisions hypothesis testing is a set of procedures used to test propositions about populations directly related to decision making hypotheses are stated, determine cost of errors, select the significant level, collect the data and c...

Statistically significant differences when a difference is big enough that it is unlikely to have occurred due to chance managerially significant differences when any observed difference in findings is considered significant enough to influence management decisions hypothesis testing is a set of procedures used to test propositions about populations directly related to decision making hypotheses are stated, determine cost of errors, select the significant level, collect the data and c...