Statistics for Data Science and Business Analysis - Practical Example: Hypothesis Testing

The video explores the gender pay gap at a fictitious company, Spark Fortress Incorporated. It uses hypothesis testing to determine if there is a significant difference in salaries based on gender. The analysis shows no overall wage gap, but further segmentation by age reveals a gap favoring males in older employees. The video concludes with a homework assignment to test for racial discrimination.

What new insight or understanding did you gain from this video?