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

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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