Statistical Significance and Practical Significance. In Exercises 13–16, determine whether the results appear to have statistical significance, and also determine whether the results appear to have practical significance.
16. IQ Scores Most people have IQ scores between 70 and 130. For $39.99, you can purchase a PC or Mac program from HighIQPro that is claimed to increase your IQ score by 10 to 20 points. The program claims to be “the only proven IQ increasing software in the brain training market,” but the author of your text could find no data supporting that claim, so let’s suppose that these results were obtained: In a study of 12 subjects using the program, the average increase in IQ score is 3 IQ points. There is a 25% chance of getting such results if the program has no effect.
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- Use this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the United States, and about 40 million were elderly (aged 65 and over).[34] 60. It is predicted that by 2030, one in five U.S. citizens will be elderly. How much greater will the chances of meeting an elderly person be at that time? What policy changes do you foresee if these statistics hold true?arrow_forwardUse this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the United States, and about 40 million were elderly (aged 65 and over).[34] 59. If you meet five U.S. citizens, what is the percent chance that four are elderly? (Round to the nearest thousandth of a percent.)arrow_forwardUse this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the United States, and about 40 million were elderly (aged 65 and over).[34] 57. If you meet five U.S. citizens, what is the percent chance that exactly one is elderly? (Round to the nearest tenth of a percent.)arrow_forward
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