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Earn +20 ptsQ: What do you mean by the term statistically valid?
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Continue Learning about Math & Arithmetic
If it is statistically significant does that automatically mean it is managerially significant?
No, it is not.
What does probability mean statistically?
It is the likelihood of any particular event occurring.
What is the minimum data required for standard deviation?
The standard deviation is a measure of how spread out the numbers are. Three points is needed to calculate a statistically valid meaningful standard deviation.
Result being Statistically Significant or not statistically significant?
"Statistically significant" means that the result is beyond the element of chance.
What does a valid age mean?
12
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