Researchers must be careful to differentiate between, Ask an Expert

Management Studies

Researchers must be careful to differentiate between resultant random and systematic errors. Furthermore, they must also realize that statistical precision does not necessarily validate results.

Rather than focusing on statistical significance in and of itself, researchers need to identify results that have managerial significance-results that are relevant to the decision-making process.

Given a large enough sample, any null hypothesis can be discounted, and any two means can be shown to be statistically different.

An absence of statistical significance may be just as relevant as any demonstrated statistical significance. As such, statistical testing should be used as a tool to discover practical insights, not to define them.

1. Of the potential causes for error described above, which do you think would be easiest to identify? Hardest? Explain your reasoning.

2. Can you think of any ways that could help researchers determine whether occurrences of statistical significance in their results have managerial significance?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92629077
Price:- $10

Guranteed 24 Hours Delivery, In Price:- $10

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 in 300 words write a short essay on the corona v

1. In 300 words write a short essay on the Corona v. Corporation of the City of Mississauga case. (with a conclusion at the end) 2. At the Abendigo Division of Block C Enterprises the assembly of unit 4 of one particular ...

1 explain the 3 types of business models and their

1. Explain the 3 types of business models and their differences. (B2B,B2C,C2C) 2. Distinguish between consumer products and business products. Please use your own words and don’t plagiarize. Cite your source. 3. Why shou ...

An appliance store sells three different types of ovens

An appliance store sells three different types of ovens: small, medium, and large. The small, medium, and large ovens require, respectively, 3, 5, and 6 cubic feet of storage space; a maximum of 1,000 cubic feet of stora ...

1 an apparel company is trying to decide which global

1. An apparel company is trying to decide which global strategy to implement as they expand. A low cost structure with a differentiated product specific to each of its geographic markets is important to them. They expect ...

1 explain how organizational characteristics can facilitate

1. Explain how organizational characteristics can facilitate the innovation process. 2. Explain the key individual roles within the innovation process and the activities they perform. 3. Describe the four different solut ...

1 what procedures might an hr professional put in place to

1. What procedures might an HR Professional put in place to help a company avoid liability for negligent hiring and retention? 2. What are three possible impediments that unionization may present which could impede an em ...

1 what alternative to a formal mentoring program are

1. What alternative to a formal mentoring program are available to Morrison /subkect :human resource management application 2. Discuss what the impact of the ACA will be on payers and managed health care organizations bo ...

Information security activities often create tension

Information security activities often create tension between the desire of users to engage in a particular activity and the need to secure the information assets of an organization. If business stakeholders and the broad ...

Assignmentyour team is consulting with a local

Assignment Your team is consulting with a local manufacturing company that has 1,200 employees and is the third largest employer in the area. When averaging all of the manufacturing employees' salary divided by the marke ...

The business manager of an office building restocks printer

The business manager of an office building restocks printer ink cartridges for all employees. The demand for the cartridges is approximately 30 per month. Let the standard deviation be 5. Cartridges cost $100 each and th ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert