Hypothesis testing in the making of informed business decisions

 

Businesses often make use of hypothesis testing to determine patterns in order to make informed business decisions.
1- What do you consider to be the advantage(s) of hypothesis testing in the making of informed business decisions?
2-Are there questions that cannot be answered through the use of hypothesis testing?
3- Share a real-life example of question 1 and question 2.
4- In response to question 2, provide a question that could be asked through the use of hypothesis testing.
APA FORMAT; Use in-text references.

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