Why is statistical significance not necessarily of practical important difference to a ...

Why is statistical significance not necessarily of practical important difference to a business decision? Provide an example and explain. Why do statisticians play only a limited role in deciding whether statistical significance requires a business action?

8 years ago

Report issue

It is important to clearly distinguish between statistical significance and practical significance. One does not ...

NOT RATED

Purchase the answer to view it

Howdoesthisapplyorcouldapplytoyourworkplaceorhome.doc