Respond to the following in a minimum of 275 words:
This week, we consider how to conduct hypotheses test on one sample data. Discuss the concepts associated with these tests. Consider the following:
· What is the importance of the null hypothesis? Why has it been the backbone of mainstream hypothesis testing for decades?
- The difference between a one tail and a two tailed test.
- The importance of stating the null and alternative hypotheses before conducting the test.
- What is the difference between a type I and type II error? The importance of a type one error (p) in conducting the test. What are its limitations? What are the implications in the context of accepting or rejecting a null hypothesis?
- The relationship between the p value and our decision to accept or reject the null hypothesis
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