A marketing study conducts 60 significance tests about means and proportions for several groups. Of them, 3
Question:
A marketing study conducts 60 significance tests about means and proportions for several groups. Of them, 3 tests are statistically significant at the 0.05 level. The study’s final report stresses only the tests with significant results, not mentioning the other 57 tests. What is misleading about this?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
This is misleading because with a sign...View the full answer
Answered By
Jehal Shah
I believe everyone should try to be strong at logic and have good reading habit. Because If you possess these two skills, no matter what difficult situation is, you will definitely find a perfect solution out of it. While logical ability gives you to understand complex problems and concepts quite easily, reading habit gives you an open mind and holistic approach to see much bigger picture.
So guys, I always try to explain any concept keeping these two points in my mind. So that you will never forget any more importantly get bored.
Last but not the least, I am finance enthusiast. Big fan of Warren buffet for long term focus investing approach. On the same side derivatives is the segment I possess expertise.
If you have any finacne related doubt, do reach me out.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9780321997838
4th Edition
Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
Question Posted:
Students also viewed these Mathematics questions
-
If a particular result is statistically significant at the 0.05 level, must it also be statistically significant at the 0.01 level? Why or why not?
-
The following table shows some of the results from the multiple regression analysis described in Exercise 14 where we were attempting to link monthly changes in weight (y) to daily exercise time (x1)...
-
For the high school female athletes data file, regress the maximum bench press on weight and percent body fat. a. Show that the F test is statistically significant at the 0.05 significance level. b....
-
The following data are from the accounting records of Niles Castings for year 2: Units produced and sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85,000 Total revenues and costs Sales...
-
What is depreciation? Briefly.
-
Aloha Company has a personnel policy that allows each employee with at least one year's employment, 20 days vacation time and two holidays with regular pay. Unused days are carried over to the next...
-
Calculate the overheads allocated to production departments A and B from the following: There are two service departments X and Y. X renders service to A and B in the ratio 3:2 and Y renders service...
-
Software Distributors reports net income of $65,000. Included in that number is depreciation expense of $15,000 and a loss on the sale of land of $6,000. A comparison of this years and last years...
-
What do you understand by accounting is a social science study? Do not Copay & Paste the answer from AI Chats
-
you will have to conduct some legal research and draft a Memorandum as though you were presenting information to an attorney for whom you work. Please make certain you read the instructions...
-
For testing H 0 : p = 1/3 (astrologers randomly guessing) against H a : p > 1/3 with n = 116, Example 12 showed that P(Type II error) = 0.02 when p = 0.50. Now suppose that p = 0.35. Recall that...
-
Consider the test of H 0 : The new drug is safe against H a : the new drug is not safe. a. Explain, in context, the conclusion of the test if H 0 is rejected. b. Describe, in context, a Type I error....
-
In Problems 6376, find an equation for each graph. Af 2TT 6TT 10TT X -4TT-2TT -4 I
-
St. Cecilia's Health System's current culture may be defined by a blend of historical ideals and problems. Given its history of primarily caring for women and children, it is likely to place a...
-
For this assignment, imagine we are the supervisor of case managers who come to us for support and guidance. You have noticed a theme of questions that are frequently asked, which mostly surround...
-
Audio Partners needs to invest in the next level of technology in order to be competitive. The company is exploring the purchase of a new piece of equipment that will cost $1,500,000, at an expected...
-
Choose a real company of their choosing and will focus on ways to help increase the company's digital consumer engagements. For example, how can the company better drive increased revenue, sales,...
-
Four morally and ethically relevant principles have been examined regarding scarcity and include: Treating people with consistency through the use of a lottery or first-come first-served basis...
-
Let Find the value of c so that is a probability density function. If is a probability density function for the random variable X, find the probability P(1 X f(x) || C 1 + x 2
-
The age-old saying for investing is "buy low and sell high," but this is easier said than done. Investors who panic about falling prices sell their investments, which in turn lowers the price and...
-
Refer to the previous exercise. If the same sample mean and standard deviation had been based on n = 5 instead of n = 20, the test statistic would have been t = 1.20. a. Would the P-value for Ha: ...
-
In a recent study, 10 272 moderately obese subjects were randomly assigned to one of three diets: low-fat, restricted-calorie; Mediterranean, restricted calorie; or low-carbohydrate, non-restricted-...
-
When the 636 male workers in the 2008 GSS were asked how many hours they worked in the previous week, the mean was 45.5 with a standard deviation of 15.16. Does this suggest that the population mean...
-
A proposed $2.5 M investment in new equipment at a 100 MG/y M&Ms factory will save the plant $800,000/y in energy costs. Assuming an annual interest rate of 5%/y (compounded annually), and an...
-
Brief Exercise 10-7 Coronado Company obtained land by issuing 2,250 shares of its $14 par value common stock. The land was recently appraised at $103,240. The common stock is actively traded at $44...
-
The following schedule reconciles Cele Co.'s pretax GAAP income Pretax GAAP income Nondeductible expense for fines Tax deductible depreciation in excess of GAAP depreciation expens Taxable rental...
Study smarter with the SolutionInn App