Discussion 1 - An important part of using statistics

Qnt/561 SUBSTANTIVE WK5

Black, K. (2017). Business Statistics: For Contemporary Decision Making, (9th Edition). Hoboken, NJ: Wiley.

Respond to the following in a minimum of 175 words:

Discussion 1

Respond to the following in a minimum of 175 words:

An important part of using statistics is being able to explain your results to decision makers. Imagine that you have conducted a two-sample test and determined that the difference was not statistically significant. While one mean was 4.3 and the other was 3.9, the p level for the t test was p=.07. Your management team says, “Well, the difference may not be statistically significant, but the difference is there! Discuss how you would respond and how you would explain the purpose of the t test and significance in this case.

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

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