Incorporating the Subjective Probabilities in
the Hypothesis Testing Process

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This site is a part of the JavaScript E-labs learning objects for decision making. Other JavaScript in this series are categorized under different areas of applications in the MENU section on this page.

Professor Hossein Arsham   

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At the planning stage of a statistical hypothesis testing, both parties, namely the "producer", and the "consumer" agree on the testing process prior to taking sampling. In most cases, the consumer has some prior experience; therefore, he/she might be able to make a better decision by incorporating his/her subjective probabilities regarding trustfulness of the null hypothesis.

The following JavaScript compute the total net profit, as a performance measure indicating how "good" is the decision-maker in deciding about the input parameters of the decision process.

The aim of applying this JavaScript is at improving your decision making process with a desirable net profit.

Enter the needed information indicated with red headings, and then click the Calculate button.

In entering your data to move from cell to cell in the data-matrix use the Tab key not arrow or enter keys.

For Technical Details, Back to:
Statistical Thinking for Decision Making

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Kindly email your comments to:
Professor Hossein Arsham

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Kindly e-mail me your comments, suggestions, and concerns. Thank you.

Professor Hossein Arsham   

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