Explain the Basic Logic of Significance Testing

question 136

Essay

Explain the basic logic of significance testing.

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Definitions:

Ethically

In a manner that follows accepted standards of moral behavior, often considered in the context of business practices.

Consequences

The results or effects that follow from specific actions or decisions.

Obligations

Duties or commitments that an individual or organization is bound to by law, contract, or moral responsibility.

Honesty

The quality of being truthful and transparent in actions, communications, and transactions.