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Hypothesis Testing for Decision-Making

  • J. P. Verma
Chapter

Abstract

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.

Keywords

Null Hypothesis Advertisement Campaign Pool Standard Deviation Rejection Region Population Standard Deviation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Springer India 2013

Authors and Affiliations

  1. 1.Research and Advanced StudiesLakshmibai National University of Physical EducationGwaliorIndia

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