03 Nov The purpose of this assignment is to create a business model canvas, highlighting how human-centered design and technological advances can be used to solve real-world business problems. U

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Hypothesis Statements – Overview and Template

This document contains definitions, examples, and a template to complete for your assignment.

Hypothesis Statements Overview

A hypothesis is a prediction about the relationship between two variables. Hypotheses statements often start as an educated guess about how one variable affects a second variable. A hypothesis statement must be testable (i.e., you can verify or falsify with observable evidence).

Most hypothesis are written in the form of an If/Then statements. Examples of If/Then statements are:

· If you drink coffee before going to bed, then it will take longer to fall asleep.

· If you get at least 8 hours of sleep, you will do better on tests than if you get less sleep.

· If you reduce your consumption of sugar, you will lose weight.

A good hypothesis contains the three elements listed below:

1. The dependent variable(s): Who or what you can vary or control.

2. The independent variable(s): Who or what you predict will affect the dependent variable.

3. What you predict the effect will be.

A good hypothesis statement is written as, IF (the Dependent Variable) THEN (Independent Variable) is affected in a specific way.

Assumptions Versus Hypothesis

There are general differences between an assumption and a hypothesis.

· Assumptions are vague, optimistic, and untestable. Vague = harder to prove or disprove.

· Hypotheses must be specific to be tested. You can design experiments to generate data that support or reject your hypothesis.

Here are some examples of assumptions vs. hypotheses:

Hypothesis Best Practices

Review the examples provided below for tips on writing a strong hypothesis.

Part 1 – Write a Hypothesis Template

Instructions: Select one problem statement and create three versions of hypotheses statements for this problem. Document the problem statement above the chart and complete each row and column as directed in the assignment. Then, write a 250-word summary based on the prompt at the bottom of this document.

Problem statement: ___Global Inflation___________________________________________________________________

Part 2 – Write a Summary of Your Hypothesis Statement

Write a 250-word description of your final hypothesis statement. Describe the independent and dependent variables, and describe how you would objectively define a measurable, testable, replaceable, and meaningful hypothesis. How is your hypothesis measurable? How will you test it?

Summary of my Hypothesis

The independent variables in my hypothesis statement are inflation rate, interest rates and treasury bonds. These variables impacts on the dependent variables which are cost of living, inflation and money supply. High inflation rates erodes the purchasing power of money, leads to increases in the prices of products and services and pushes the cost of living to the roofs. The impacts of inflation on the cost of living can be measured and tested objectively by comparing the price of range of products and services on which consumers spends money. In this regard my hypothesis can be tested by comparing the prices of products and services over time. The persistent increase in prices of products and services will mean high inflation which will translate to high cost of living. Besides, the impacts of interest rates in reducing inflation can be measured objectively and tested consumer price index For instance if the consumer price index is high it means that inflation is high thus the Federal Reserve Bank can increase the bank interest rates thus increasing the cost of borrowing and consequent decrease in money in circulation thus decrease in inflation. Another critical way that the Federal Reserve Bank can reduce inflation and secure the cost of living is by selling treasury bonds. When the Fed Reserve Bank sells treasury bonds through the open market operations it gets money from the public thus reducing the money supply thus leading in decrease in inflation. This hypothesis can be tested by measuring the consumer prices index to determine if the inflation has dropped.

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