What does statistically significant mean

Assignment Help Finance Basics
Reference no: EM131435638

The phrase "statistically significant" is one of the most important ideas in statistics; yet, it is one of the most often misunderstood. please address the items below in a non-statistical (Average Joe) language:

  1. What does "statistically significant" mean?
  2. The p-value means the "probability" value? The probability of what?
  3. Given the following information, would your decision be to reject or fail to reject the null hypothesis? And what would you then conclude? (Set the level of significance at .05 for decision making.) Provide a clear explanation for your response.
    1. The null hypothesis is that there is no relationship between the type of video game a person plays and the number of violent behavior he/she exhibits (p = .04).
    2. The null hypothesis is that there is no relationship between the amount of sugar one consumes and the level of energy (p = .62).
    3. The research hypothesis is that there is a negative relationship between the number of hours worked and level of job satisfaction ((p = .09).

Reference no: EM131435638

Questions Cloud

Which among the learning theories provided you with new : Which among the learning theories provided you with new information? How would you apply this in your practice?
Provide substantive comments that include a focus on app : Individually, comment on at least three reports posted by other CLC teams by the end of Topic 8. Provide substantive comments that include a focus on the application of the theory as a framework for practice (general or specific, basic or advanced..
Estimate thermal energy per particle at the center of sun : Estimate the thermal energy per particle at the center of the Sun, and compare with the ionization energy of Hydrogen (13.6 eV). What do you conclude
What purpose would each feature serve for your site : Select at least three interactive features that could be added to your site. Identify the following: What purpose would each feature serve for your site and its visitors? How would you construct these features?
What does statistically significant mean : The phrase "statistically significant" is one of the most important ideas in statistics; yet, it is one of the most often misunderstood. please address the items below in a non-statistical (Average Joe) language:
Prove the orthocenter theorem by geometric arguments : Prove the Orthocenter Theorem by geometric arguments: Let T be the triangle on the image plane defined by the three vanishing points of three mutually orthogonal sets of parallel lines in space.
Decribe the description of present position and role : Interview a nurse who is master's-prepared in nursing and is using this education in a present position. Preferably, select someone who is in a position similar to your chosen specialty track. The purpose of the interview is for you to gain insigh..
Identify the dependent variable and independent variable : Construct a hypothesis - Based on your research from question 2, develop an if-then hypothesis relating to the effect of pollution on yeast respiration. Test with an experiment - Identify the dependent variable, independent variable, and the contr..
Population mean number of items returned : Most are gifts that, for some reason, did not please the recipient. The number of items returned, by a sample of 30 persons at a large discount department store, are observed and the summary statistics below are obtained. Determine a 98% confidenc..

Reviews

Write a Review

Finance Basics Questions & Answers

  Discuss the importance of calculating the value of real

discuss the importance of calculating the value of real options in finance namely option to delay option to expand and

  Estimate the beta of the portfolio

Final Project Based on the data on the fourth tab of SU_MBA6010_Final_Project_Information.xls, provided in the Doc Sharing area, create an equally weighted portfolio of all ten stocks (including MNQ Company and the other nine stocks) and estimate ..

  What is the stocks required rate of return

What is the stock's required rate of return (assume the market is in equilibrium with the required return equal to the expected return)? Round the answer to two decimal places.

  What is the operating cash flow for a sensitivity analysis

The tax rate is 34 percent. The sales price is estimated at $7.50 a unit, plus or minus 4 percent. What is the operating cash flow for a sensitivity analysis using total fixed costs of $31,000?

  New sausage system with an installed cost

Symon Meats is looking at a new sausage system with an installed cost of $525,000. This cost will be depreciated straight-line to zero over the project's five-year life, at the end of which the sausage system can be scrapped for $79,000.

  What is the present value of the following cash flow stream

what is the present value of the following cash flow stream at a rate of 8?year 0-750year 1-2450year 2-3175year

  What is the difference between common and preferred stock

What is the difference between Common and Preferred Stock? Explain the concept and process (recording) of Distributions - Dividends and Redemptions (Treasury Stock)

  How large must the annual deposits

How large must the annual deposits be to create the $220,000 fund by the end of 42 years? If you can afford to deposit only $600 per year into the account, how much will you have accumulated by the end of the forty-second year?

  Find importance of typical characteristics of money market

Given the economic role of the money market, concisely explain the importance of the typical characteristics of money market securities.

  Explain why an options time value is greatest

Explain why an option's time value is greatest when the stock price is near the exercise price and why it nearly disappears when the option is deep-in- or out-of-the-money?

  They are a good investment. what is their present value

Assume that you inherited some money. A friend of yours is working as an unpaid intern at a local brokerage firm, and her boss is selling some securities that call for four payments, $50 at the end of each of the next 3 years, plus a payment of $1,05..

  Security risk the systematic risk principle has an

security risk the systematic risk principle has an important implication which is thata. systematic risk is preferred

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