One is an idea and the other a big dangerous animal.
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The difference is that working hypothesis is that your still working on it but the hypothesis that your not working on it.
A scientific hypothesis has to be testable.
Hypothesis is singular, while Hypotheses is the plural of Hypothesis.
An Observation is an account of what actually happened whilst a Hypothesis is what you think will happen
A hypothesis is a suggestion of a way to explain something. If the hypothesis is tested and confirmed, it can advance to the status of theory. The conclusion of testing a hypothesis will be either that the hypothesis is confirmed, or it is not confirmed.