Define the null and alternative hypotheses. Discuss the relationship between the two hypotheses
What will be an ideal response?
A null hypothesis is a statement of the status quo, one of no difference or no effect. If the null hypothesis is not rejected, no changes will be made. An alternative hypothesis is one in which some difference or effect is expected. Accepting the alternative hypothesis will lead to changes in opinions or actions. Thus, the alternative hypothesis is the opposite of the null hypothesis. The null hypothesis is always the hypothesis that is tested. The alternative hypothesis represents the conclusion for which evidence is sought. The null hypothesis refers to a specified value of the population parameter, not a sample statistic. In marketing research, the null hypothesis is formulated in such a way that its rejection leads to the acceptance of the desired conclusion.
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Wolfman is considering an extensive modernization program for an older apartment building which she owns. Her decision should give most emphasis to:
A: The cost involved; B: The history of vacancy; C: The potential increase in real property taxes; D: Net effect on the net income.
One thing you should NOT do before picking up the receiver to answer a call is to
A) answer promptly. B) remember to smile. C) continue another conversation that can be heard. D) remember that you may be the first and only contact a person may have with your department or organization.