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Hypothesis Testing: Introduction, All Terms and Concepts with Examples

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