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Case 2-1
Lara, managing director of an information technology firm, has received a big project from one of their highly valuable clients. However,
the project received is different from the usual projects they handle.
-Lara performs certain analyses and ensures that the company's image will not be at risk by taking this project. This is an example of _____.
Statistical Hypotheses
Statements made about the relationships between variables, specifically in terms of whether a statistical relationship exists in the population that can be tested.
Data Analysis
The process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making.
Probability
A measure of the likelihood or chance that a particular event will occur, expressed as a number between 0 and 1.
Null Hypothesis
A default hypothesis that there is no significant difference or effect, used as a starting point for statistical testing.
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