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

Question:

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?

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

Step by Step Answer:

Related Book For book-img-for-question

Mathematical Interest Theory

ISBN: 9781470465681

3rd Edition

Authors: Leslie Jane, James Daniel, Federer Vaaler

See More Books

Question Posted: Apr 22, 2017 03:40 AM

See More Questions

What is the difference between statistical significance and practical significance? Can a statistical study have statistical significance, but not practical significance?
On January 29, 2011, visitors to the CNN.com website were invited to answer a poll question. The results are shown below: Are you exercising more in 2011? A 99.9% confidence interval for the...
Discuss the difference between statistical significance and practical significance.
What are the advantages and disadvantages of seismic reflection data sets?
Determine the real roots of (x) = 0.5x 2 + 2.5x + 4.5: (a) Graphically. (b) Using the quadratic formula. (c) Using the iteration of the bisection method to determine the highest root. Employ initial...
Here are some historical data on the risk characteristics of Dell and McDonalds: Assume the standard deviation of the return on the market was 15%. a. The correlation coefficient of Dells return...
List and distinguish the three views of structural modeling in the context of an example.
On February 1, 2011, Charo Mendez purchased 6% bonds issued by CR Utilities at a cost of $30,000, which is their par value. The bonds pay interest semiannually on July 31 and January 31. For 2011,...
Pharoah Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor...
The proposed rates were not in the range the CEO expected given the pricing analysis. The CEO has asked the pricing actuary to verify the total projected loss cost excluding potential large storm...
In recent years, there has been a strong correlation between per capita consumption of sour cream and the numbers of motorcycle riders killed in non-collision accidents. Therefore, consumption of...
In a survey conducted by TheKnot.com, 1165 engaged or married women were asked about the importance of a bended knee when making a marriage proposal. Among the 1165 respondents, 48% said that the...
What rate of exchange would be used to eliminate intercompany monetary balances on the consolidated statement of financial position?
An account planner is often considered the consumer advocate. Pick a brand that you like and usea brand that would be your best friend. What three things does the consumer like most about the brand?...
Derive the relation $\boldsymbol{\Phi}=\mathbf{W} \Psi$ where $\mathbf{W}$ is the Walsh matrix, $\boldsymbol{\Phi}$ is the Walsh function vector, $\Psi$ is the block pulse function vector of...
Explain why the operational matrix for integration $\mathbf{P}$, is of an upper triangular form. What are the mathematical advantages of an upper triangular matrix?
What is e-commerce.
Write down the Haar matrix for $m=4$.
The yield of the product C in the reversible reaction A + B + energy C can be increased by a. decreasing the temperature b. increasing the temperature c. increasing the surface area of the reactants...
1-Stern observed all of the following results EXCEPT _______ in his experiment. A-one of the recombinant phenotypes was associated with an X chromosome of normal length B-the number of car, B+ male...
The hydrocarbon emissions at idling speed in parts per million (ppm) for automobiles of 1980 and 1990 are given for 20 randomly selected cars. (a) Construct a dot plot as in Figure 1.1. (b) Compute...
The following are historical data on staff salaries (dollars per pupil on 30 schools sampled in the eastern part of the United States in the early 1970s).(a) Compute the sample mean and sample...
The following data set is related to that in Exercise 1.24. It gives the percent of the families that are in the upper income level at the same individual schools in the same order as in Exercise...
Wanda is reviewing her tax returns from the previous year and is shocked at how much tax she paid the government. She had good income but had to pay a large number of self-employment taxes on top of...
Katies Cleaning Service has cleaning contracts for 15 apartments, 45 family homes, and 25 office buildings. She estimates that an apartment takes 4 hours to clean, a home takes 6 hours to clean, and...
1. Quikpak sells returnable containers to major food processors. The price received for the containers is 2 per unit. Of this amount 1.25 is profit contribution. Quikpak is considering an attempt to...

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

Question:

Step by Step Answer:

Statistical significance is indicated when methods of statistics are ...View the full answer

Mathematical Interest Theory

Students also viewed these Statistics questions