Planning the efficient allocation of research funds: an adapted application of a non-parametric Bayesian value of

Jonathan Karnon1

  • 1Health and Safety Laboratory, Broad Lane, Sheffield S3 7HQ, UK.

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The process of hypothesis testing based on the traditional method includes calculating the critical value, testing the value of the test statistic using the sample data, and interpreting these values.
First, a specific claim about the population parameter is decided based on the research question and is stated in a simple form. Further, an opposing statement to this claim is also stated. These statements can act as null and alternative hypotheses, out of which a null hypothesis would be a...
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