In the early 20 th century, Guinness breweries in Dublin had a policy of hiring the best graduates from Oxford and Cambridge to improve their industrial processes. At the time, it was considered a ...
Business owners like to know how their decisions will impact their businesses. According to Harvard Business School Online, before making decisions, managers may explore the benefits of hypothesis ...
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Smarter hypothesis testing with statistics: How e-values can improve scientific research
During his Ph.D. research, mathematician Tyron Lardy worked on a new approach to hypothesis testing. Instead of the traditional p-value, he uses so-called e-values. These turn out to be more ...
A Three-Phased Approach To Communicating Hypothesis Testing Results In Technical Product Development
In the realm of technical product development, hypothesis testing acts as a bridge between design, data and decision-making. It enables teams to move beyond assumptions and validate their ideas ...
Statistical significance is a critical concept in data analysis and research. In essence, it’s a measure that allows researchers to assess whether the results of an experiment or study are due to ...
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