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Ho- the profitability ratio of idbi is greater than those of kotak bank
H1 - the profitability ratio of kotak bank is greater than those of idbi bank
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Earn +20 ptsQ: How do you state that your hypothesis was correct?
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Is the correct definition of Power of a test (Note Ho null hypothesis Ha alternative hypothesis)?
No, that is not the correct definition.
What do you do to find out if a hypothesis is correct?
You act and experiment according to your hypothesis and write observations.
In a hypothesis testing the alternative hypothesis is assumed?
No. The null hypothesis is assumed to be correct unless there is sufficient evidence from the sample and the given criteria (significance level) to reject it.
What if your hypothesis is correct?
Your hypothesis is supported by the data. You cannot prove a hypothesis because somebody may do some other experiments and disprove it eventually. You can only disprove a hypothesis or indicate that it is supported by the data.
You already know the correct answer to a hypothesis before you begin collecting data?
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