Hypothesis Test: Given a hypothesis H0 (or null hypothesis) (P = 0.8), we test if it is plausible or not. First, we define the Alternate Hypothesis H1 (P < 0.8), calculate the critical region, then we check if the sample result falls into the critical region.
Intro to Statistics
These thoughts were extracted from Udacity online course and cover topics such as: Visualizing relationships in data, Probability, Estimation, Outliers and Normal Distribution, Inference and Regression.