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Going along with the first step, the null hypothesis is that There is no significant difference between Peter Reardon's methodology for forecasting inventory and the observed sales for Burns Auto. The null hypothesis statement is the statement being tested. The alternate hypothesis is what will be concluded if the null hypothesis is rejected...
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The null hypothesis statement is the statement being tested. The alternate hypothesis is what will be concluded if the null hypothesis is rejected. There is a significant difference between Peter Reardon's methodology for forecasting inventory and the observed sales for Burns Auto. This essentially means that the projected sales from Peter Reardon's calculations are very similar to what will actually be observed...
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