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vagabundo [1.1K]
3 years ago
13

When testing a new​ treatment, what is the difference between statistical significance and practical​ significance? can a treatm

ent have statistical​ significance, but not practical​ significance?
Business
1 answer:
photoshop1234 [79]3 years ago
4 0
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.
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These are selected account balances on December 31, 2015. Land (location of the office building) $100,000 Land (held for future
lara31 [8.8K]

Answer:

$1,125,000

Explanation:

The total amount of property, plant, and equipment will appear under the Non-Current Assets section of the Balance Sheet. Thus prepare the Non Current Asset Section as follows :

Non Current Asset Section

Land                                                        $100,000

Land held for future use                        $150,000

Office Building                                       $700,000

Equipment                                             $450,000

Office Furniture                                      $150,000

Accumulated Depreciation                 ($425,000)

Total                                                      $1,125,000

7 0
3 years ago
Beef Burgers, Inc. contracts to buy five hundred head of cattle from Cattle Ranch. Before the seller delivers, an outbreak of di
Studentka2010 [4]

Answer:

B) ​no longer applies.

Explanation:

Based on the information given the perfect tender rule will NO LONGER APPLIES because the seller which is Cattle Ranch is yet to deliver the cattle to Beef Burgers, Inc before the outbreak of the disease causes a quarantine of the ranch, which is why the perfect tender rule states that a buyer is only permitted to reject goods that is been delivered to him or her from a seller only in a situation where the seller's delivered the goods in way that are not perfect or that does not meet the contract agreement between both the buyer and the sellers or in a situation where the goods did not conform to the description which may make the buyer to legally reject the goods delivered.

Therefore based on above scenario between Beef Burgers, Inc the buyer and Cattle Ranch the perfect tender rule will NO LONGER APPLIES .

7 0
3 years ago
Determining PB Ratio for Companies with Different Returns Assume that the present value of expected ROPI follows a perpetuity wi
-Dominant- [34]

Answer:

Pb R atio:

For company A = 2.375

For company B = 1.5

Explanation:

As per the data given in the question,

ROPI = NDA (RNOA - WACC)

For Company A 100 × (21%-10%)

For Company B 100 × (14%-10%)

Present value of ROPI = (ROPI ÷ (1+WACC)) ÷ [1-(1+g) ÷ (1+WACC)]

For Company A = (11 ÷ (1+0.10)) ÷ [1-(1+0.02) ÷ (1+0.10)]

= $137.50

For Company B = (4 ÷ (1+0.10)) ÷ [1-(1+0.02) ÷ (1+0.10)]

= $50

Market value of equity = NOA + present value of ROPI

= $100 + 137.50 = $237.50(Company A)

= $100 + $50 = $150(Company B)

Pb Ratio = Market value of equity ÷ Book value of equity

For company A = $237.50÷100 = 2.375

For company B = $150÷100 = 1.5

4 0
3 years ago
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Answer:

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4 0
3 years ago
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The collection of feelings and beliefs that managers have about their organization as a whole is known as organizational:
egoroff_w [7]
 The collection of feelings and beliefs that managers have about their organization as a whole is known as organizational: organizational commitment
An organizational commitment is determined by the company's culture and how employees experience that culture while committing the time of their lives for the company.
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4 years ago
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