Methods of Hypothesis Testing

Question 1

Obtaining Data Locally

Answer 1

Visual Survey/Count + Compare over time/competitors

Question 2

Obtaining Unquantifiable Data

Answer 2

Consulting Specialists + Compare over time/competitors

Question 3

Obtaining Data through Changed Processes

Answer 3

Comparing Data from Before and After + Compare over time/competitors

Question 4

Obtaining Opinions

Answer 4

Survey - who specifically? + Compare over time/competitors

Question 5

Testing Large Market Analyses

Answer 5

Starting with a small sample and extrapolating

Question 6

Comparisons to measure any metric - benchmarking types

Answer 6

• To other markets
• to other companies
• to other products
  State what would make the comparison similar

Question 7

How to test if operations going well?

Answer 7

break down relevant metrics into comparisons vs competitors/over time (Revenue/profit margin/market size/market share)

Question 8

How to test if Economies of scale exist in M and A?

Answer 8

overlap in parts between company A/B, discount in supplier for companies of that size

Question 9

How to test cost savings?

Answer 9

Find costs before/after action and as % of revenues (if still worth the action)

Question 10

How to test demand?

Answer 10

data on market size/growth/market share at a certain price point?

Question 11

How to test demand qualitatively?

Answer 11

Understanding customer preferences (through surveys)/our positioning