Read A Refresher on Statistical Significance

  1. Read A Refresher on Statistical Significance (Links to an external site.) by Gallo (2016) and read James 1:5, Proverbs 9:9–10, and Matthew 22:39.
  2. Respond to the following questions:
    • Why do economists and statisticians use samples to draw inferences from data?
    • What roles do variation and sampling error play in determining statistical significance?
    • Provide an example how how these concepts can be applied in the real world.
    • How could or should the biblical passages alter our worldview as students of business?
    • This discussion must be 250 words or more.
    • I attached  A Refresher on Statistical Significance PDF to this question.

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