Share the null and alternative hypotheses for a decision that isrelevant to your life. This can be a personal item or something atwork. Define the population parameter, the appropriate teststatistic formula, and if it is a one- or two-tailed test. Be sureto set up your hypotheses, too.
The two population parameters that we cover this week are:
μ: the population mean
and
p: the population proportion
Be sure to include numerical values for your variables.Additionally, identify the Type I and Type II Errors that couldoccur with your decisionâ€making process.
