Introduction to Concepts of Hypothesis Testing

Welcome to the module on ‘Hypothesis Testing’.

In this session

The statistical analyses learnt in Inferential Statistics enable you to try to make inferences about the population mean from the sample data when you have no idea of the population mean. However, sometimes you have some starting assumption about the population mean and you want to confirm those assumptions using the sample data. It is here that hypothesis testing comes into the picture. We will cover the basic concepts of hypothesis testing in this session, which are as follows:

• Types of hypotheses

• Types of tests

• Decision criteria

• Critical value method of hypothesis testing

This session covers the concepts of Hypothesis Testing from the theory perspective since that is very important while performing Hypothesis Testing in the industry using tools like Python, Excel etc.