Share with your peers the null and alternative hypotheses for adecision that is relevant to your life. This can be a personal itemor something at work. Define the population parameter, theappropriate test statistic formula, and if the hypothesis test isleft-tailed, right-tailed, or two-tailed. Be sure to set up yourhypotheses, too. How did you decide on constructing thesehypotheses? What level of significance would you use? Why?
The population parameters that you should use for thisdiscussion are:
?: the population mean
or
p: the population proportion