Explain statistical significance using the standard we accept in research today. Explain how something can be...

Explain statistical significance using the standard we accept in research today. Explain how something can be significant but not practically important with an example

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orchestra answered 2 years ago

1. What is the difference between practical significance and statistical significance? Give an example of something...

1. What is the difference between practical significance and statistical significance? Give an example of something that might be statistically significant, but not practically significant. 2. What is a Type I error? Give an example. 3. What is a Type II error? Give an example.

“Statistical significance does not warrant a clinical significance.” Can you please explain the meaning of this...

“Statistical significance does not warrant a clinical significance.” Can you please explain the meaning of this quote in more detail?

What does statistical significance mean? How do you know if something is statistically significant? What is...

What does statistical significance mean? How do you know if something is statistically significant? What is the difference between statistical significance and practical significance?

What is Statistical Significance? Date 01/29/2019 What is statistical significance? If we randomly assign subjects to...

What is Statistical Significance? Date 01/29/2019 What is statistical significance? If we randomly assign subjects to two groups we would expect there to be some difference in the groups just by chance. If a difference is statistically significant then it is large enough that we would not expect it to happen just by chance. When we compare the results of an experiment, if there is a statistically significant difference then we can conclude that there is a cause-effect relationship between...

Research Method What is the difference between statistical significance and clinical significance? Search the literature and...

Research Method What is the difference between statistical significance and clinical significance? Search the literature and cite at least one or two examples that illustrate the differences between the two.

Explain the difference between statistical significance and economic significance of OLS estimates?

When carrying out hypothesis testing using statistical methods, we are trying to infer something about what’s...

When carrying out hypothesis testing using statistical methods, we are trying to infer something about what’s going on in a population, based on what’s going on in a random sample from that population. If we want to learn about the population mean annual spending by households on video games, describe a hypothesis testing procedure for testing the hypothesis that this spending level equals 100 dollars.

Explain the notions of mathematical differences, managerially relevant differences, and statistical significance. Can results be statistically...

Explain the notions of mathematical differences, managerially relevant differences, and statistical significance. Can results be statistically significant and yet lack managerial importance? Explain your answer. A retailer is interested in investigating whether doubling the value of manufacturer coupons will increase the number of shoppers. “Doubling” means that the store would give consumers a discount equal to twice the coupon face value, with the retailer absorbing the cost of the extra discount. Write the null and alternative hypotheses associated with this...

Conceptually, what are we doing when we test for statistical significance (such as in a z-test...

Conceptually, what are we doing when we test for statistical significance (such as in a z-test or t-test)? Where does the commonly used 95% confidence level come from? What is an effect size and what additional information does it provide about a finding?

Explain the significance of statistical scatter in fatigue life, especially how this may affect the use...

Explain the significance of statistical scatter in fatigue life, especially how this may affect the use of S-N curves for engineering purposes.

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