Your CEO Has Followed Your Advice and Now Wants You

question 7

Multiple Choice

Your CEO has followed your advice and now wants you to measure effect sizes. You report a Pearson's r of 0.50 for the impact of Unblock Me Now drain cleaner on reducing drain blockage time. Your CEO wants to know if this is bad, as she remembers that a p-value of 0.30 is not good. What do you tell her?

• A) You tell her that effect size and p-values are not the same and that a Pearson's r of 0.50 is a medium effect, suggesting she should rollout the launch of Unblock Me Now.
• B) You tell her that effect size and p-values are not the same and that a Pearson's r of 0.50 is a small effect, suggesting she should stop the launch of Unblock Me Now until more data analysis is done.
• C) You tell her that effect size and p-values are the same and that a Pearson's r of 0.50 means there is no statistically significant effect. Unblock Me Now should cease production.
• D) You tell her that effect size and p-values are not the same and that a Pearson's r of 0.50 is a large effect, suggesting she should rollout the launch of Unblock Me Now.

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Definitions:

Racketeer Influenced and Corrupt Organizations (RICO) Act

A United States federal law designed to combat organized crime by enabling the prosecution of criminal organizations for the actions of their members.

Wrongful Act

An action that is illegal or immoral, often leading to harm or injury to another and possibly resulting in legal liability.

Actus Reus

Latin for “guilty act”; a wrongful behavior that is associated with the physical act of a declared crime.

Guilty Act

Refers to the actus reus in criminal law, which is the physical act or unlawful omission leading to a crime.