does that include your null-hypothesis? that is to ask, is it also a net loss to do nothing? I'm only guessing here, but it seems like you'd be in more of a damage-control type situation. At which point I believe your best bet would be to minimize the loss? after all, Negative $100 is still a higher number than Negative $500
That was a clear, and good pace explanation :)
Thank you so much, very clearly explained in simple ways
Glad it was helpful! Thanks Lakshmi!
Hey thanks just what i need and very well explained!
amazing video! Thank you!
Please add link of opportunity cost video as you stated at 3:24. Thank you
Thank you so much, well explained
What if all net benefits are negative
does that include your null-hypothesis? that is to ask, is it also a net loss to do nothing?
I'm only guessing here, but it seems like you'd be in more of a damage-control type situation. At which point I believe your best bet would be to minimize the loss?
after all, Negative $100 is still a higher number than Negative $500