Unit 5 DiscussionDiscussion Topic
Hypothesis testing typically begins with a theory, a claim, or an assertion about a particular parameter (mean or proportion) of a population.
The Federal Trade Commission (FTC) is an independent agency of the U.S. federal government charged with preventing unfair or deceptive trade practices. It regulates advertising, marketing, and consumer credit practices, and also prevents antitrust agreements and other unfair practices.
The FTC publishes press releases regularly about health and fitness claims at https://www.ftc.gov/news-events/media-resources/truth-advertising/health-claims
Health and Fitness Claims. Retrieved from https://www.ftc.gov/news-events/media-resources/truth-advertising/health-claims
Find a claim about a product or service from one of the press releases listed in the FTC website.
Read through these and select one of interest to you that has not been picked by anyone else yet in class.
Initial Response: Formulating the Hypothesis
First response: Review one of your classmates’ post. In the context of their hypothesis test, discuss what the Type I Error and Type II Error would mean using a Decision Table as your guide. What level of significance would you suggest based on what a Type I Error or Type II Error would mean?
Type I Error is defined as rejecting the null hypothesis when in fact it should be accepted. (i.e. “False Positive,” “False Alarm,” defendant found guilty when in fact innocent)
Type II Error is defined as accepting the null hypothesis when in fact it should be rejected. (i.e. “False Negative,” defendant found not guilty when in fact guilty)
Second response: Review another classmate’s post. Suppose you are the researcher of the hypothesis test and you conclude to either “reject the null hypothesis” or “not to reject the null hypothesis.” Write a statement on your conclusion to the public about this service/product.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more