Incorporating the Subjective Probabilities in

the Hypothesis Testing Process

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

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

Calculatebutton.In entering your data to move from cell to cell in the data-matrix use the

Tab keynot arrow or enter keys.

For Technical Details, Back to:

Statistical Thinking for Decision Making

Kindly email your comments to:

Professor Hossein Arsham

The Copyright Statement: The fair use, according to the 1996 Fair Use Guidelines for Educational Multimedia, of materials presented on this Web site is permitted for non-commercial and classroom purposes only.

This site may be translated and/or mirrored intact (including these notices), on any server with public access. All files are available at http://home.ubalt.edu/ntsbarsh/Business-stat for mirroring.Kindly e-mail me your comments, suggestions, and concerns. Thank you.

Back to:

EOF: © 1994-2015.