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Using what you have learned, provide an example of a business situation from either your experience or the one you have observed in the past (for example, ice-cream shop is trying to determine whether the weather temperature affect the ice-cream sales). Your response should include the following: Develop the hypothesis that would test this situation Describe the null hypothesis. Discuss what your alternative hypothesis might be. Describe the p-value the level that you have decided on for the study to be significant. Discuss why you decided on that particular p-value level. Describe the type I error in this situation. Embed course material concepts, principles, and theories (require supporting citations) along with at least one scholarly, peer-reviewed reference in supporting your answer. Keep in mind that these scholarly references can be found in the Saudi Electronic Library by conducting an advanced search specific to scholarly references. You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.
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