I have two groups of consumers (1) group prefers cash back on their credit card for all online purchases (2) group prefers cash back on their credit card for all purchases at a clothing retail store. How do I calculate this with a 95% confidence level. 10,000 surveys out of which 100 were observed for this study. With a mean = 6?
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We have two types of hypothesis i.e., Null Hypothesis and Alternative Hypothesis. we take null hypothesis as the same statement given in the problem. Alternative hypothesis is the statement that is complementary to null hypothesis. When our calculated value is less than the tabulated value, we accept null hypothesis otherwise we reject null hypothesis.
If we reject the null hypothesis, we conclude that the alternative hypothesis which is the alpha risk is true. The null hypothesis is used in statistics.
you do not need to reject a null hypothesis. If you don not that means "we retain the null hypothesis." we retain the null hypothesis when the p-value is large but you have to compare the p-values with alpha levels of .01,.1, and .05 (most common alpha levels). If p-value is above alpha levels then we fail to reject the null hypothesis. retaining the null hypothesis means that we have evidence that something is going to occur (depending on the question)
The null hypothesis will not reject - it is a hypothesis and is not capable of rejecting anything. The critical region consists of the values of the test statistic where YOU will reject the null hypothesis in favour of the expressed alternative hypothesis.
The null hypothesis for a 1-way ANOVA is that the means of each subset of data are the same.