Baselining Tests Series By Advance Innovation Group Advance Innovation Group uploads a knowledgeable explanation on varied hypothesis tests that are generally used in baselining the processes. It is vital for a business to take decisions for optimum results that are based on statistical tools and evidence. Based on Data type and your area of study you can use various tests for base-lining. If your area of study is around comparing mean of your sample data to infer about the population then you shall conduct 1 Sample T-test to compare against the targeted mean to ascertain if your goal has been achieved or not. If your area of study is around comparing median of your sample data to infer about the population then you shall conduct 1 Sample Sign test to compare against the targeted median to ascertain if your goal has been achieved or not. If your area of study is around comparing the variance of your sample data to infer about the population then you shall conduct 1 variance test to compare against the targeted variance to ascertain if your goal has been achieved or not. If your area of study is around comparing proportions of your sample data to infer about the population then you shall conduct 1 proportion test to compare against the targeted proportion value to ascertain if your goal has been achieved or not. If your area of study is around comparing the rate of your sample data to infer about the population then you shall conduct 1 Poisson rate test to compare against the targeted rate value to ascertain if your goal has been achieved or not. Usage of various hypothesis tests like the ones mentioned above helps the business to make factbased decisions which are not based on gut feel, but these are based on statics and mathematics. Business leaders use these hypothesis tests to come up with goals for processes. This also helps to find out how effective your process is trending towards your goal should you be doing these tests on a frequent or periodic basis. The readers who are curious to know more about base-lining tests and other facts of Six Sigma training must go through Advance Innovation Group’s slide share page at: https://www.slideshare.net/AdvanceIgroup
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