Respond to the following questions:
- 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.
- 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.