Briefly Outline the Steps Involved in Order to Make an Inference

question 44

Essay

Briefly outline the steps involved in order to make an inference about the effect of an independent variable using null hypothesis significance testing; be sure to indicate the conditions in which an independent variable is judged to be nonsignificant and when it is statistically significant.

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Definitions:

Compensation Rates

The amount of pay or benefits that an employee receives from their employer for their work.

Internal Equity

The practice of ensuring that employees are compensated fairly in relation to one another within the same organization.

External Equity

The fairness of an employee's compensation as compared to what others in the external job market are receiving for similar work.

Job-Based Pay

A compensation strategy that determines an employee's salary based primarily on the specific job or position they hold.