When Might You Use a One-Tailed Test, and When Would

question 1

Essay

When might you use a one-tailed test, and when would you want to use a two-tailed test?

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Definitions:

Historical Data

Information from the past used for analysis to understand trends, patterns, and to plan future moves.

Planning Process

A systematic approach involving the development of strategies and allocating resources to achieve organizational goals.

Next Financial Year

The forthcoming fiscal period for a business or organization, following the current fiscal year.

Actual Performance

The real, observed outcomes or results achieved by an individual, team, or organization, often compared against planned or expected performance.