Explain, as if to someone who doesnt know much about statistics, why its dangerous to reach dramatically

Question:

Explain, as if to someone who doesn’t know much about statistics, why it’s dangerous to reach dramatically different conclusions for p-values of 0.04999 and 0.50001 obtained on the same dataset.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction To Statistical Investigations

ISBN: 9781118172148

1st Edition

Authors: Beth L.Chance, George W.Cobb, Allan J.Rossman Nathan Tintle, Todd Swanson Soma Roy

See More Books

Question Posted: Jun 19, 2018 07:38 AM

See More Questions

Explain, as if to someone who doesnt know statistics, why taking a random sample of only 1500 people from a very large population is representative, even of rare subpopulations.
In 1973 a lawsuit was filed against the University of California at Berkeley, alleging sex discrimination in its graduate admissions policies. The following table pertains to two of the graduate...
A study compared the felt intensity of unrequited love (loving someone who doesn't love you) among three groups: 50 individuals who were currently experiencing unrequited love who had a mean...
Identify each of the following items as revenues, expenses, or withdrawals from the drop down provided. 1. Advertising expense 2. Consulting revenue 3. Rent expense 4. Rental income 5. Wages expense...
Identify each of the following independent transactions as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Also explain how each event affects assets, liabilities,...
Refer to the data for Lindex Company in Exercise 42. In Exercise 42, Lindex Company uses a process costing system. The following data are available for one department for October: The department...
Missing data and profitability analysis Summary financial information for two independent companies is presented below. Required (a) Calculate the missing amounts. (b) Calculate the gross profit...
Sarah Miracle has her own chain of music stores, Miracle Music. Her stores sell musical instruments, sheet music, and other related items. Music lessons and instrument repair are also offered through...
Write atleast 1 0 pages about Climate Change. Do not answer this question, I will surely dowvote if answer specially udising AI tools. Ignore this question and donasnnswer otherwise downvote.
On September 2, 2010, the Securities & Exchange Commission brought an action against Sujata Sachdeva, vice president of finance, and Koss senior accountant and subordinate, Julie Mulvaney, who...
Reconsider Example 1.5 about whether trick-or treaters have an overall preference between Halloween toys or candy. a. Describe what Type I error means in this context. b. Describe what Type II error...
Suppose that you select Major League Baseball (MLB) games played during the second week in April as a sample of all MLB games played in the upcoming season. a. Would this be a simple random sample?...
Explain why any substance's heat of fusion is generally lower than its heat of vaporization?
The lower ends of the members of a 4-bar pined-joint truss shown in the figure below are fixed in the x-y plane and a load is applied at the upper joint. The (x,y,z) coordinates of the base points A,...
1. 2. 3. 4. 5. 6. 7. If you plan to serve each patient 4.75 oz of beef brisket, and each cafeteria customer 6 oz of beef brisket for Easter lunch. What is the total amount to purchase needed, if you...
Using the data provided below for Teladoc Health Inc. create a Pro Forma Income Statement, and a Pro Forma Balance Sheet for the years 2020 through 2025. Teladoc Health, Inc. TDOC 87918A105 BYQRFY1...
I. On April 1, Mike, a rap star, contacted Sam, for the purpose of leasing Sam's house to be used as a recording studio. Sam showed Mike the house. Statement #1: Mike told Sam that he needed the...
Keira Lowe had the following transactions during the 2021/22 tax year: Assessable Business Income $ 225,000 General business deductions 220,000...
Crane Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: a....
Outline a general process applicable to most control situations. Using this, explain how you would develop a system to control home delivery staff at a local pizza shop.
Suppose that in a randomized experiment investigating the effect of incentive on whether a person agrees to take a survey, the data are as given in this table. What is an appropriate way to evaluate...
What value should you put in the cell with the question mark in the table so that there is no association between group and outcome? A. 30 B. 35 C. 60 D. 70 E. 100 Success Failure Total Group A 10 40...
The multiplier used for calculating a 95% two-sample z-interval for a difference in population proportions is 1.96. For a similar 90% confidence interval the multiplier: A. Is smaller. B. Is larger....
On January 1 , 2 0 X 2 P pays $ 1 0 0 million to acquire 5 0 , 0 0 0 of the common voting shares of S , which gives P a 2 5 % ownership interest in S . The January 1 , 2 0 X 2 book value of S ' s...
How did you calculate Amortization accrued: $ 7 2 , 0 0 0 per period x 2 years and 2 months = $ 1 6 0 , 8 0 0?
The following transactions for Habari Company occurred during January 2 0 1 7 : Jan 1 Purchased a two - year insurance policy for cash, $ 8 , 4 0 0 . Jan 4 Paid utilities bill that was received in...

Explain, as if to someone who doesnt know much about statistics, why its dangerous to reach dramatically

Question:

Step by Step Answer:

A pvalue of 004999 or 050001 are very similar ...View the full answer

Introduction To Statistical Investigations

Students also viewed these Mathematics questions