E95: Hypothesis Testing Basics - Can James Bond tell the difference between a shaken or stirred martini?
To explain the concepts of hypothesis testing (null and alternative hypothesis statements), I use an example of James Bond. His famous line is "shaken, not stirred" when ordering a martini. In a hypothesis test, we would set the null (default) hypothesis to say that he cannot tell the difference. The alternative hypothesis would be proven if there was data showing he could tell the difference (better than guessing or chance). Hope this helps you understand the concept of hypothesis testing a little more clearly. Are you interested? Contact me at brion@biz-pi.com Links Need help in your organization? Let's talk! Schedule a free support call Podcast Sponsor: Creative Safety Supply is a great resource for free guides, infographics, and continuous improvement tools. I recommend starting with their 5S guide. It includes breakdowns of the five pillars, ways to begin implementing 5S, and even organization tips and color charts. From red tags to floor marking; it’s all there. Download it for free at creativesafetysupply.com/5S BIZ-PI.com LeanSixSigmaDefinition.com Have a question? Submit a voice message at Podcasters.Spotify.com