research articles on hypothesis test and its application in business. Select one (1) company or organization which utilized hypothesis test technique for its business process (e.g., whether providing flexible work hours improve employee productivity.) Give your opinion as to whether the utilization of such a technique improved business process for the selected company or organization. Justify your response.
Please respond to peer posting that follows: A hypothesis is a statement offering a tentative explanation of a given phenomenon or a solution to a problem. As such, it outlines a set of facts that can be tested to be proved right or wrong (Mourougan & Sethuraman, 2017). Businesses usually have to make tough decisions that may improve or fail their operations. For organizations to ensure positive results, it is vital to test the choices in a “laboratory” setting to determine the effect of the variables. As such, managers can be confident of the measures they adopt for their organizations.A hypothesis-testing explores the relationship between two or more variables in an experimental environment using the statistical significance of the relationship between the variables (Green). One organization that employs this technique is The Royal Mint in England. The company produces coins, and to test the quality of the coins, they use a process called the Trial of the Pyx. The process involves randomly selecting coins produced throughout the year, that are then presented to a jury that test the coins at random to measure their weight, measurements, and chemical composition. The panel compares the currencies to a standard coin (The Royal Mint). The null hypothesis is that the coins have the right measurements and form, while the alternative is that the currencies differ from the required characteristics.The process has enabled the Royal Mint to produce quality coins for use in the United Kingdom as well as making medals for foreign states. Hence, establishing a hypothesis for products before subjecting them to the market affects the success or failure of the business.
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.