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Give two examples when practical significance would outweigh statistical significance?
A meaning that is expressed
- Starting with understanding the DMAIC method, with out this you are never going to have successful results. I recently discovered this site dedicated to answering all the Lean Six Sigma / process improvement needs and questions. They offer a FREE very complete software system that will walk you through the entire DMAIC methodology. It has a training video at every possible step including example data, video demonstration, voice guided instructions, templates for every step, and a phone contact to even help you. Oh and did i say FREE? In that site they also have a forum for Q. & A. beside a live chat room. Do you use minitab? How about a complete section on how to use it with videos and links to their home page. They have so much more I cant list, just go there and see. ?
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How do you use the word merits in a sentence?
I am not certain that the described activity merits my attention. Do your merits outweigh your demerits?
Do the positives in efficiency outweigh the negatives?
that depends on how efficient and what the effects are. There is no clear answer and is considered debatable. I may had left you with more questions than answers, but I think it will suffice.
How much does a solar farm cost?
To put up a solar farm takes on average around $ 1 million , there are many advantages to solar energy including relativly low maintaince cost. The disadvantages would have to be that each pannel is very expense, but the long term advantages both in price and in saving the environment greatly outweigh the disadvantages.
Can a bag of feathers have more mass than a bag of rocks?
Yes, a bag of feathers can have more mass than a bag of rocks if the bag of feathers is large enough or contains a sufficient quantity of feathers. Mass is determined by the amount of material in an object, regardless of its composition. Therefore, if the feathers are densely packed or if there are many more feathers than rocks, the bag of feathers could outweigh the bag of rocks.
What is the meaning of a quick ratio greater than 1.0 and less than 1.0?
A quick ratio is something used in financial accounting. It is equal to your quick assets (cash and accounts receivable) divided by your current liabilities. If it is greater than 1.0 then your financial statements are looking good because you have more assets than liabilities and are therefore (hopefully) making revenue. If it is less than 1.0 than your liabilities outweigh your assets and your business could be headed for failure.
