How can you determine the appropriate sample size for your hypothesis test?
When it comes to Business Intelligence (BI), making informed decisions often involves hypothesis testing. But before you can validate your hypotheses, you need to determine an appropriate sample size. This is crucial because a sample size that's too small may not accurately represent the population, leading to unreliable results, whereas a sample size that's too large could waste resources. The process of finding the right balance can be complex, but understanding it is essential for effective BI.