He says “If you are confident of doing it, please go ahead.

If we are 100 % confident, then there is no question of doing it or not. Otherwise only, the suspicious mind starts to play its ‘win-lose’ game.

Now what could be the probable confidence %?

Well, I am redefining my hypothesis as,

“If you are 90 % confident of doing it, please go ahead”.

No, this is not enough.. It hides the underlying fact of chance of losing the game or the impact once it is lost.

So let me restate it with the alternate hypothesis,

“If you are ready to accept the 10 % risk of losing it, please go ahead.”

Hmm… This seems clearer for my senses to do the best planning.

Friends, are you interested in statistical analysis?

There is a post on the same from a Quality standard perspective (Capability Maturity Model Integrated) in http://qualitynotion.com

‘Quality notion’ is my technical website for exploring new ways of quality.

Source: Statistical Tests in Minitab leading to CMMI High Maturity