How can you determine the appropriate sample size for your hypothesis test?
When it comes to Business Intelligence (BI), hypothesis testing is a critical step in making data-driven decisions. However, before you can test your hypotheses, you need to determine the appropriate sample size. This is a crucial step because the right sample size can help ensure the validity and reliability of your results. A sample that's too small may not accurately represent the population, leading to incorrect conclusions, while a sample that's too large can be unnecessarily costly and time-consuming. Let's explore how you can determine the right sample size for your hypothesis test.