Business, 11.01.2020 06:31 kevinh2683

When testing a new treatment, what is the difference between statistical significance and practical significance? can a treatment have statistical significance, but not practical significance?

a. statistical significance is achieved when the result is very unlikely to occur by chance. practical significance is related to whether common sense suggests that the treatment makes enough of a difference to justify its use. it is not possible for a treatment to have statistical significance, but not practical significance
b. statistical significance is related to whether common sense suggests that the treatment makes enough of a difference to justify its use. practical significance is achieved when the result is very unlikely to occur by chance. it is possible for a treatment to have statistical significance, but not practical significance.
c. statistical significance is achieved when the result is very unlikely to occur by chance. practical significance is related to whether common sense suggests that the treatment makes enough of a difference to justify its use. it is possible for a treatment to have statistical significance, but not practical significance. your answer is correct.
d. statistical significance is related to whether common sense suggests that the treatment makes enough of a difference to justify its use. practical significance is achieved when the result is very unlikely to occur by chance. it is not possible for a treatment to have statistical significance, but not practical significance.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 20:30

marketing strategies should be established before marketing objectives are decided. t/f

Answers: 1

Answer

Business, 22.06.2019 07:20

Go follow my instagram atx_humberto

Answers: 2

Answer

Business, 22.06.2019 07:50

The questions of economics address which of the following ? check all that apply

Answers: 3

Answer

Business, 22.06.2019 11:40

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?

Answers: 1

Answer

You know the right answer?

When testing a new treatment, what is the difference between statistical significance and practical...

Questions