Introduction: Industry Demonstration of Hypothesis Testing

In the previous sessions, you learnt about the basic concepts of hypothesis testing and learnt how to statistically test the inferences made from inferential statistics or the insights generated during EDA. You learnt how to formulate the hypotheses and then make a decision through the critical value method. 

In this session

You will learn how hypothesis testing is used in the industry and how the basic concepts learnt in the previous session form an important foundation of useful industry concepts. 

We will cover the following topics in this session:

• T distribution

• Two-sample mean test

• Industry relevance