Hypothesis Testing for Decision-Making
Human beings are progressive in nature. Most of our decisions in life are governed by our past experiences. These decisions may be subjective or objective. Subjective decisions are solely based upon one’s own perception of viewing issues. These perceptions keep on changing from person to person. Same thing or situation can be perceived differently by different persons, and therefore, the decision cannot be universalized. On the other hand, if decisions are taken on the basis of scientific law, it is widely accepted and works well in the similar situations.