You run a significance test to determine if the average salary of Americans is $35,000. You end up rejecting the null hypothesis. You then find that the actual average salary is somewhere between $25000 and $27000. This is significantly lower than expected! Which of the following best describe the analysis above? Both statistically significant and practically significant. Statistically significant, but not practically significant. Practically significant, but not statistically significant. Neither statistically significant nor practically significant.
You run a significance test to determine if the average salary of Americans is $35,000. You end up rejecting the null hypothesis. You then find that the actual average salary is somewhere between $25000 and $27000. This is significantly lower than expected! Which of the following best describe the analysis above? Both statistically significant and practically significant. Statistically significant, but not practically significant. Practically significant, but not statistically significant. Neither statistically significant nor practically significant.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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