00:01
We are looking at a hypothesis test.
00:03
Now, what's going on here? first, we want to write out the null and alternative hypotheses.
00:09
Remember, the null hypothesis represents no change, no difference.
00:13
It always gets an equal sign.
00:16
So, the null hypothesis here, while we're looking at productivity in successful and unsuccessful companies, our null hypothesis would be that the amount of time wasted by the employees is the same in each.
00:30
So the mean of the first population would be equal to the mean of the second population.
00:37
For our alternative hypothesis, now specifically we want to test if the amount of time wasted in the unsuccessful firms exceeds that of the successful ones.
00:48
So that would be the mean for the unsuccessful would be greater than the mean for the successful.
01:02
What type of t test are we using here? well, we are using an independent two -sample t -test.
01:13
Two -sample, because we have two samples, and we have their sample means, their sample standard deviations, sample sizes, etc.
01:20
And independence, because this is not paired data.
01:23
Dependent or paired would be if you had matching pairs for your two samples.
01:28
For example, maybe it's a clinical trial, and you're looking at before and after for the same group of people.
01:35
So there's a clear matching there.
01:36
Same person before and after.
01:39
Or it could be a twin study.
01:41
Again, it would be matched data.
01:43
Here, we just have a sample from one, a sample from the other.
01:47
They aren't related.
01:48
So it's independence...