This is a continuation of part I of the same topic. This completes explaining all the basic terms on this topic before actual lessons / problems on testing of hypothesis can be started.
Questions answered by this video:
How do you know whether a hypothesis is true or false?
How do you test a hypothesis?
What is the difference between a type 1 error and a type 2 error?
What is the difference between producer's risk and consumer's risk?
What is level of significance for a hypothesis test?
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This lesson explains how to use a sample of a population to test a hypothesis about a data set. Each step involved in the process is explained. Terms and the hypothesis testing process are explained along with type I and type II errors in testing the hypothesis.