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Lacee and Abbie are two interns with Cinnabon for the summer. They are asked to come up with a content marketing strategy for the brand. Before deciding on what they need to create, what is the first step Lace and Abbie need to take?
Null Hypothesis
A hypothesis stating there is no significant difference or effect, used as a starting point for statistical testing.
Significance Level
A threshold for determining whether an observed effect is statistically significant, often set at 0.05.
Alternative Hypothesis
A hypothesis that contradicts the null hypothesis, proposing a new effect or relationship.
Null Hypothesis
A standard assumption that posits no meaningful difference or impact exists, usually examined in contrast with a contrasting hypothesis during statistical evaluation.
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