Explain the applications and limitations of statistical hypothesis testing as applied to business situations

Explain the applications and limitations of statistical hypothesis testing as applied to business situations

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in 550 words

Details: You’re in a brainstorming session at WidgeCorp, where no idea is too outrageous. You’re discussing penetration in the school lunch market. Ideas around school lunch subsidies, Internet subsidies, and Internet target marketing are being discussed. As the end of the meeting, the group asks you to prove or disprove some assumptions by looking at correlations.

First, acquaint yourself with the Internet subsidy issue by reading the article Closing the Digital Divide: Internet Subsidies in Public Schools by Austan D. Goolsbee and Jonathan Guryan

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