1. For a result to be statistically significant means that the probability of the results observed been due to chance is very low or impossible. For a result to be statiscally significant means that the differences observed between the experimental group and the control group of the experiment is not due to chance or sampling errors.
Practical significance refers to how practical it is to convert a result observed in the laboratory to use in real world scenario. The difference observed between two variables in an experimental set up may be so small that it may not be worth it to produce it on a large scale for human use.
Thus, the difference between statistical and practical significance is that statistical significance indicates the difference between two variables while practical significance determines if the results is worth been reproduce on large scale.
2. YES, a treatment can have statistical significance but have no practical significance. This means that, even though the treatment is effective, due to some reasons it is not worth it or practical to produce it on a large scale.
Answer:
What is the balance in retained earnings at the end of May? $294000
Explanation:
may-01 Retaining earning 282000
Income 16000
Dividens Paid -4000
may-30 Retaining earning 294000
Revenue 40000
Expenses24000
Income 16000
Answer:
Acrophobia
Explanation:
Acrophobia sometimes develops in response to a traumatic experience involving heights, such as: falling from a high place. watching someone else fall from a high place. having a panic attack or other negative experience while in a high place.
Answer:
$144 unfavorable
Explanation:
The computation of the overall fixed manufacturing overhead volume variance for the month is shown below:
But before that following calculations need to be done
Budgeted manufacturing overhead is
= 6600 × $1.20
= $7,920
And,
Manufacturing overhead applied is
= Standard hours × Predetermined overhead rate
= 6480 × $1.20 = $7,776
So, fixed manufacturing overhead volume variance is
= Fixed overhead applied - budgeted fixed overhead
= $7,776 - $7,920
= $144 unfavorable
Answer:
"so that your employer does not hold out too much or too little in taxes
Explanation:
The W-4 form tells the employer the correct amount of tax to withhold from an employee's paycheck.
