BUS 500 CSU Statistics Worksheet

Develop a null and an alternative hypothesis for a decision that is relevant to your life. This decision can be personal or professional. Share your null and alternative hypotheses with your peers in this week’s discussion. Be sure to include the following in your post.Define/discuss:

• All variables (include numerical values for your variables);
• The appropriate test statistic, and if it is a one- or two-tailed test;
• Your selection process;
• The Type I and Type II errors that could occur with your decision‐making process; and
• Your proposed next steps based on your results.

Be sure to include 2 references to support your findings.