QNT351 Team D Reflection

This week in class was spent focusing on a handful of different concepts.For example, we learned about the five steps which are required while testing a research hypothesis.  We were introduced to the concept of comparing the means of two or more groups.  Finally, we were taught how to calculate the correlation between two variables.  Our understanding of these three topics is expressed below.       

Hypothesis Testing

Hypothesis testing is commonly used when analyzing two or more groups.  When assessing a theory, you need to report both the changeability in your sample and how sizable your sample is.  Based on this knowledge, you would like to make a judgment of whether any characteristics you see are relevant or by chance.  The process is properly done through an action called hypothesis testing.  There are five steps in the process of testing:
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