Discuss the difference between statistical significance and practical significance.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (22 reviews)
A statistically significant result occurs when the value of th...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
What is the difference between statistical significance and practical significance? Can a statistical study have statistical significance, but not practical significance?
-
When is the distinction between statistical significance and practical importance more important to consider: with a large sample size, with a small sample size, or is sample size not relevant to the...
-
Explain the difference between statistical significance and practical significance. Make up an example to illustrate your reasoning.
-
For some companies, onboarding and orientation are synonymous. How are they different?
-
Discuss three benefits associated with modular programming. a. Programming Efficiency. b. Maintenance Efficiency. c. Control.
-
What do equity theory and ideas from procedural justice suggest about motivation? How do fairness judgments infl uence work motivation, and how can managers ensure that associates perceive judgments...
-
What are your goals? What are you trying to accomplish?, p. 443
-
China Express owns a number of stores that sell fast food. As part of its compensation packages, China Express provides employees with bonuses based on customer satisfaction surveys. Recent analysis...
-
There is 8 percent probability of recession, 17 percent probability of a poor economy, 47 percent probability of a normal economy, and 28 percent probability of a boom. A stock has returns of -19...
-
Find io in the circuit shown in Fig. 10.85 using superposition. 4 2 10 cos 4r V ( 1 H
-
What is meant when we say that a hypothesis test is a. Exact? b. Approximately correct?
-
In each part, we have identified a hypothesis-testing procedure for one population mean. State the assumptions required and the test statistic used in each case. a. One-mean t-test b. One-mean z-test
-
If a company treats the sales proceeds from by-products as other income, how does a sale of a by-product affect the cost of goods manufactured for the main product?
-
In Exercises 25-28, construct a data set that has the given statistics. N = 8 2 3
-
Sample SAT scores for eight males and eight females are listed. Males 1010 1170 1410 920 1320 1100 690 1140 Females 1190 1010 1000 1300 1470 1250 840 1060
-
Best Actor 2018: Gary Oldman, Age: 59 Best Supporting Actor 2018: Sam Rockwell, Age: 49 The table shows population statistics for the ages of Best Actor and Best Supporting Actor winners at the...
-
Consider a market dominated by just two airlines, American and United. Each can choose to restrict capacity and charge a high price or expand capacity and charge a low price. If one of the two...
-
Using the product structure for Alpha in Solved Problem 14.1, and the following lead times, quantity on hand, and master production schedule, prepare a net MRP table for Alphas. Data From Problem...
-
Find the price and duration of a 10 -year, $8 %$ bond that is trading at a yield of $10 %$.
-
The ultimate goal of Google, Bing, and other consumer search engines is to provide users with search listings that contain useful information on the topic of their search. What recommendations would...
-
Based on your responses to the Self-Assessment on page 375, are you a theory X or a theory Y leader?
-
A study is being designed to determine the reasons why adults choose to follow a healthy diet plan.The study will survey 1000 men and 1000 women. Upon completion of the study, the reasons men choose...
-
a. Verify that B(100, 0.3) and B(100, 0.4) satisfy all guidelines. b. Use a computer to randomly generate 200 samples from each of the binomial populations. Find the observed proportion for each...
-
State the null hypothesis, Ho, and the alternative hypothesis, Ha, that would be used to test the following claims: a. The variances of populations A and B are not equal. b. The standard deviation of...
-
Just work out the assignment on your own sheet, you dont need the excel worksheet. Classic Coffee Company Best friends, Nathan and Cody, decided to start their own business which would bring great...
-
Financial information related to the proprietorship of Ebony Interiors for February and March 2019 is as follows: February 29, 2019 March 31, 2019 Accounts payable $310,000 $400,000 Accounts...
-
(b) The directors of Maureen Company are considering two mutually exclusive investment projects. Both projects concern the purchase of a new plant. The following data are available for each project...
Study smarter with the SolutionInn App