1. Describe the five step hypothesis testing model in detail by commenting about each step and important aspects of the steps. An adequate description

Complete the Economic Terms Exercise (ETE) in Week One of the student website. The ETE is not a graded assignment and does not have to be turned in. I
July 17, 2020
How, in foreign nations, serial murder is perceived culturally, legally, psychologically, or in any other way differently from our domestic perception
July 17, 2020

1. Describe the five step hypothesis testing model in detail by commenting about each step and important aspects of the steps. An adequate description

1. Describe the five step hypothesis testing model in detail by commenting about each step and important aspects of the steps. An adequate description would entail about ten comments.

2. Test the hypothesis that the population average income in an area I am interested in is greater than $55,000. If I can show that the mean is indeed greater than that amount I intend to open an up scale restaurant that, by past experience, will probably be successful. If the average income is less than $55,000 my restaurant will probably fail.