Hypothesis Testing Introduction All Terms and Concepts with Examples

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Learn Hypothesis Testing most easily and Most Effectively at: https://vijaysabale.co/hypothesis • Hello Friends, • This video is about learning all terms and concepts used in hypothesis testing. • We will learn Introduction, all terms and concepts in Hypothesis Testing with practical examples for easy understanding and better clarity. • This video consists of the following points: • • Why does a Hypothesis test comes into the picture with a practical example? • • Null and Alternative Hypotheses • • Two-sided and One-sided Alternative Hypotheses • • What are type I and type II errors? • • Example of type I and type II error • • Confidence Interval and Confidence Level • • What is a test statistic? • • What are the critical value and p-value? • I am sure you will be liked it. • Some important links about LEARN APPLY: • 🏫 Know about LEARN APPLY: https://www.learnandapply.org/ • 👨🏽🏫 Know about Myself (Trainer/Coach): https://vijaysabale.com/ • 📈 Register for Lean Six Sigma Green Belt Black Belt Training: https://vijaysabale.co/training • 🎥 Step 1- Register for my next LIVE Masterclass: https://vijaysabale.co/webinar • 👨👩👦👦 Step 2- Join my community: https://vijaysabale.co/Join • You can also visit our Learning Management System (LMS) 📚📖📑 to access online courses at: • https://www.successfulcareerhub.com/p... • Join this channel to get access to perks: • / @learnandapply • 0:00 Introduction and Why Hypothesis Testing? • 1:56 Null and Alternative Hypotheses • 3:18 Two-sided and One-sided Alternative Hypotheses • 4:52 What are type I and type II errors? • 6:38 Example of type I and type II error • 8:24 Confidence Interval and Confidence Level • 10:00 What is a Test Statistic? • 10:49 What are the critical value and p-value? • And finally, thank you for watching… • #hypothesistesting #conceptsinhypothesistesting #hypothesis #analyzephasetools #hypothesistestingminitab #hypothesisinminitab #typesoferror #typeoneerror #typetwoerror #alphaerror #betaerror #producerrisk #consumerrisk #nullhypothesis #alternatehypothesis #typesofhypothesis #minitabtraining #sixsigma #leansixsigma

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