Null Hypothesis and an Alternate Hypothesis
Hypothesizing in business assists leadership in deciding which avenue to take for the overall health of the organization. This is done by allowing the business managers to make decisions after having full research. Business leaders have had to employ hypothesizing to facilitate the implementation of right decisions in their lines of duty. This is an important process because organizations are made or destroyed by the nature of decisions that leaders make. Decisions that leaders make in an organization are critical, for they reflect the current and future success of the business. It is on this account that the business leaders work hard to test the hypothesis of different issues in an organization before making the right decisions (Albright, Winston, & Zappe, 2010).
Null hypothesis vs. alternate hypothesis
In practice, a hypothesis is a proposed explanation for observable phenomenon and often used to explain facts and observations on the natural world. A hypothesis predicts the possible outcome of events and information, thus allowing the best decisions to be made. This is important in allowing the business leaders minimize risks that accompany some decisions.
Hypothesizing in business assists leaders in making key decisions that will promote healthy organizations. There are different types of the hypothesis that are used in analyzing information in the process of establishing the best cause of action in a given context. The most widely used hypotheses are the null and alternate hypothesis (Anderson, & Sweeney, & Williams,...
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