What is Hypothesis testing and its corresponding example and stuff

Question

Accepted Answer

Hypothesis testing is a statistical method used to make inferences about a population based on sample data.

Hypothesis testing involves formulating a null hypothesis and an alternative hypothesis.
It helps determine if there is enough evidence to reject the null hypothesis in favor of the alternative hypothesis.
Example: Testing whether a new drug is effective by comparing the recovery rates of a treatment group and a control group.
Other examples include testing the impact of advertising on sales, comparing the means of two groups, etc.

Accepted Answer

Since I was applying for a job in a bank, I gave an example based on that.

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