Distinction-statistical significance-practical significance
What is the difference between statistical significance and practical significance? Why is statistical significance not necessarily of practical important difference to a business decision? Provide an example of this.
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A law is a law 24-7, otherwise it is not a law. It should apply to ALL production processes we can think of, independently of the good or service we are talking about. Can you explain the law of diminishing returns in your own job place? Can you
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compare and Steinbeck america in Travels with Charley and today's america.
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