Problem:
Research hypothesis testing and discuss about hypothesis testing and its purpose.
Use your research findings to define and to formulate a null hypothesis and the corresponding alternative hypothesis that could be tested.
Describe one-tailed and two-tailed hypothesis testing along with some examples.
Provide some research-based examples of business applications of hypothesis testing.
Discuss about two types of errors that might happen when testing a null hypothesis.
Also, discuss about necessary assumptions to use the hypothesis testing.
Describe any problems you had, if any, while developing the null and alternative hypotheses in your group.
o Describe the hypotheses, and explain why your group decided on them.
o Explain the purpose of developing null and alternative hypotheses and how they can be used to make important decisions in a business setting such as the credit incentives of Armed Forces Credit Union.
750 words.