Business Statistics

• Write a 1–2 page analysis of an approach to gather data and statistically test a hypothetical assertion. • Competency 1: Evaluate the quality and fit of data for use in business analysis. o Determine the null hypothesis and alternative hypothesis for making decisions regarding pricing comparison. o Identify a sample selection technique to gather data for testing a price comparison hypothesis. • Competency 3: Analyze business decision opportunities using basic inferential statistics. o Analyze statistical tests for a price comparison hypothesis. • Competency 6: Communicate in a manner that is professional and consistent with expectations for members of the business professions. o Communicate in a manner that is professional and consistent with expectations for members of the business professions.