Distinction between statistical and practical significance

Assignment Help Basic Statistics
Reference no: EM131398920

Explain the distinction between statistical significance and practical significance. Can the result of a study be statistically significant but not practically significant?

Reference no: EM131398920

Questions Cloud

Mandated fuel efficiency reductions : Explain in simple terms why a carbon tax is more efficient than mandated fuel efficiency reductions for each auto manufacturer.
What additional information would you need : At the end of the study there was a statistically significant difference in average weight loss for the two groups. What additional information would you need in order to determine if the difference in average weight loss had practical importance?
Additional worker or purchase another tool set : One month ago, they added four workers and production increased by eight recliner sofas per week. A tool set costs about three times what a worker costs. Would you recommend that the company hire an additional worker or purchase another tool set? ..
What is the break-even point : You are a marketing director for a Mexican Taco Restaurant located in Lynchburg, VA. The average order size of your customers is $7.00 per order. That means that when all your food orders are divided by your total number of customers, the average ..
Distinction between statistical and practical significance : Explain the distinction between statistical significance and practical significance. Can the result of a study be statistically significant but not practically significant?
Pay structure for a new team of sales workers : You have been tasked with determining the pay structure for a new team of sales workers. You are considering whether to pay them strictly on commission or whether to pay a smaller commission but guarantee a modest base salary.
Determine if this result is a false positive : A (hypothetical) study of what people do in their spare time found that people born under the astrological sign of Aries were significantly more likely to be regular swimmers than people born under other signs.- What additional information would yo..
Address six unresolved issues in macroeconomics : This week requires the student to address six unresolved issues in macroeconomics, each of which is central to current political debates. Students are required to use information and tools that they have accumulated in their study of the text and ..
Discuss about the political marketer and political strategy : Political marketer Frank Luntz, in the Persuaders, tells his clients: "80% of our life is emotion and only 20% is intellect. I'm much more interested in how you feel than how you think." Contrast this with Thomas Jefferson's notion that democracy..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd