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Answer to Question #77168 in Other Economics for Abinash boruah

Question #77168
Describe the process of testing hypotheses about the population proportion of a given attribute
Expert's answer
The process of hypothesis testing involves setting up two competing hypotheses, the null hypothesis and the alternate hypothesis. One selects a random sample (or multiple samples when there are more comparison groups), computes summary statistics and then assesses the likelihood that the sample data support the research or alternative hypothesis. Similar to estimation, the process of hypothesis testing is based on probability theory and the Central Limit Theorem.

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