Sunday, May 26, 2019

Null and Alternative Hypotheses

The development of null and choice hypotheses was a difficult task for us at commencement exercise. I think that people might have had issues accord exactly what the difference was. I know that I myself had difficulty at first and ended up listening to the archived chats and reaching out to other members of my convention for help. After doing all this and conducting some research online, I was finally able to grasp the concept. As the group communicated back and forth it was evident that we all concur on a decision.The decision was to recommend the alternative hypothesis and support the plan that allowed cash back when the consumer makes an online purchase. My group decided on supporting the alternative hypothesis. We felt that it was in the best interest of Armed Forces acknowledgment Union to proceed with offering cash back on all purchases made online. We imagination this would benefit both the Credit Union and the consumer. By not restricting the incentive to only shoe stor es, Armed Forces Credit Union allows the customer emancipation to purchase any product and receive cash back.This in turn will increase the use of the credit card being offered by the Credit Union. This will also be an incentive to have customers apply for a credit card if they do not already have one. In the end, this selection provided a better opportunity for growth for Armed Forces Credit Union. In order to explain the purpose of developing null and alternative hypotheses, we must first understand exactly what each of these is.

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