Null Hypothesis and an Alternate Hypothesis Hypothesizing Essay

Null Hypothesis and an Alternate Hypothesis

Hypothesizing in business assists leadership in deciding which avenue to take for the overall health of the organization. This is done by allowing the business managers to make decisions after having full research. Business leaders have had to employ hypothesizing to facilitate the implementation of right decisions in their lines of duty. This is an important process because organizations are made or destroyed by the nature of decisions that leaders make. Decisions that leaders make in an organization are critical, for they reflect the current and future success of the business. It is on this account that the business leaders work hard to test the hypothesis of different issues in an organization before making the right decisions (Albright, Winston, & Zappe, 2010).

Null hypothesis vs. alternate hypothesis

In practice, a hypothesis is a proposed explanation for observable phenomenon and often used to explain facts and observations on the natural world. A hypothesis predicts the possible outcome of events and information, thus allowing the best decisions to be made. This is important in allowing the business leaders minimize risks that accompany some decisions.

Hypothesizing in business assists leaders in making key decisions that will promote healthy organizations. There are different types of the hypothesis that are used in analyzing information in the process of establishing the best cause of action in a given context. The most widely used hypotheses are the null and alternate hypothesis (Anderson, & Sweeney, & Williams, 2011).A null hypothesis may be defined as an original statistical hypothesis. On the other side, an alternative hypothesis is a hypothesis other than the null hypothesis. The alternative hypothesis is the opposite of the null. In many contexts, the null hypothesis is referred to as the H0 while the alternative hypothesis is H1 (Owen, Levine, Stephan, Follett, Canavor, & Meirowitz, 2012).

In many of the cases, the null hypothesis is always applied in the research process. In this context, it is used to predict the outcome of the decision or action to be undertaken at a given time. The null hypothesis (original hypothesis) would work well in gauging the consequence of a given action or cause. However, it happens in some research that the null hypothesis is not accepted. In such context, the common practice has been the use of the alternative hypothesis (Albright, Winston, & Zappe, 2010).

Much of the research conducted are often done to establish the possibility of certain outcomes, leading business leaders take caution on the decisions made in an organizational setting. In this context, both the null hypothesis and the alternate hypothesis would be employed. In this context, often two hypotheses are formulated: one hypothesis will describe the prediction of a given outcome while the other will explore the other possible outcomes. For example, if a business leader predicts (null hypothesis) that option A (To buy land) is related to B (making business losses), the other possible outcome that A and.....