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Marketing

Electric Vehicles and How They Will Change the Way We Do Business

Electric Vehicles and How They Will Change the Way We Do Business

  Good Hypothesis Better Version Best Version Independent Variable Dependent Variable
1. Electric vehicles with larger battery capacities will have a longer driving range than those with smaller ones (Secinaro et al., 2020). Electric vehicles that utilize regenerative braking systems will have a longer driving range than those that do not. Electric vehicles with more aerodynamic designs will have a longer driving range than those with less aerodynamic designs. Limited Driving Range Vehicle design
2. Increased availability of charging stations will increase consumers’ adoption of electric vehicles. The use of standardized charging protocols will reduce the time required to charge electric vehicles, increasing their appeal to consumers. The development of wireless charging technology will increase the convenience of charging electric vehicles, making them more attractive to consumers (Deza, Huang & Metel, 2022). Charging Infrastructure Type of charging system
3. Advances in battery technology will reduce the cost of electric vehicles over time. Implementing government incentives, such as tax credits or rebates, will increase consumers’ affordability of electric vehicles (Ortar & Ryghaug, 2019). The adoption of electric vehicles in ride-sharing and other fleet-based transportation services will increase the demand for these vehicles, driving down their cost over time. High Cost Increased usage of the vehicles

Summary

To objectively define a measurable, testable, replaceable, and meaningful hypothesis, one should follow these guidelines:

  1. Measurable: The hypothesis should be stated to allow for the collection of observable, quantifiable data. This means the hypothesis should identify the measured variables and methods used to measure them (Secinaro et al., 2020).
  2. Testable: The hypothesis should be testable through an experiment or other empirical research methods. This means that the hypothesis should be able to be proven or disproven based on the results of the test.
  3. Replaceable: The hypothesis should be formulated to allow it to be replaced or modified based on new evidence. This means that the hypothesis should be simple and allow for flexibility in testing and interpretation.
  4. Meaningful: The hypothesis should have practical significance or theoretical importance. This means that the hypothesis should address a real-world problem or contribute to a theoretical understanding of a phenomenon.

For example, a measurable, testable, replaceable, and meaningful hypothesis about electric cars could be; “Increasing the battery capacity of electric vehicles will result in a longer driving range and increased consumer adoption.” This hypothesis meets the criteria for being measurable because it identifies the variable being measured (driving range) and the method of measurement (battery capacity). It is testable because the hypothesis can be verified through experiments or real-world testing of electric vehicles with different battery capacities. It is replaceable because the hypothesis can be modified or refined based on new evidence or technological advances (Ortar & Ryghaug, 2019). It is meaningful because it addresses a real-world problem (limited driving range of electric vehicles) and can have practical significance for increasing consumer adoption of electric vehicles and reducing dependence on fossil fuels. Do you need urgent assignment help ? Reach out to us. We endeavor to assist you the best way possible.

References

Deza, A., Huang, K., & Metel, M. R. (2022). Charging station optimization for balanced electric car sharing. Discrete Applied Mathematics, 308, 187-197.

Ortar, N., & Ryghaug, M. (2019). Should all cars be electric by 2025? The electric car debate in Europe. Sustainability, 11(7), 1868.

Secinaro, S., Brescia, V., Calandra, D., & Biancone, P. (2020). Employing bibliometric analysis to identify suitable business models for electric cars. Journal of cleaner production, 264, 121503.

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Question 

The purpose of this assignment is to choose one market disruption problem from Topic 1(I put the topic one assignment in the files, and I would like to make this assignment based on the EV topic from that paper) and then develop a hypothesis statement which identifies the associated independent and dependent variables that are measurable, testable, and meaningful. You will build three versions of the same hypothesis statement. Each version will improve upon the prior versions so that you can optimize it. Consider all potential issues from the Topic 1 assignment and choose a single problem to solve potentially. Be sure to select a problem that is not yet solved. Remember, a hypothesis is just an “I think” statement that needs to be fully developed with potential solutions and variables. Ultimately, much time and money could be spent on this issue, so it is imperative to spend time upfront with this brainstorming process around various hypotheses.

Complete this assignment using the “Hypothesis Statements – Overview and Template” resource. You will need to complete Parts 1 and 2 in the template. Complete the hypotheses grid using good, better, and best versions of the three hypotheses related to your identified problem and the proposed solution. Include the dependent and independent variables for each. You will also compose a summary in Part 2 within the template. Note: This assignment will impact future assignments throughout the course, including the Topic 5 individual assignment and the Draft Summary Business Model Canvas.