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E95: Hypothesis Testing Basics - Can James Bond tell the difference between a shaken or stirred martini?

E95: Hypothesis Testing Basics - Can James Bond tell the difference between a shaken or stirred martini?

FromLean Six Sigma Bursts


E95: Hypothesis Testing Basics - Can James Bond tell the difference between a shaken or stirred martini?

FromLean Six Sigma Bursts

ratings:
Length:
5 minutes
Released:
Jan 23, 2024
Format:
Podcast episode

Description

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

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Released:
Jan 23, 2024
Format:
Podcast episode

Titles in the series (100)

Brion Hurley from Business Performance Improvement shares his takes and thoughts on a variety of topics related to process improvement (specifically Lean and Six Sigma methods), Bursts are rapid improvement activities, so this sounded like a good word to use for these short audio clips. We'll try to keep them under 10 minutes each. Have a question? Use the anchor app to leave us a voice message, and we might pick your question for our next episode!