Your CEO Has Followed Your Advice and Now Wants You

question 14

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 Power Nylon shorts on athletic performance times. 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 the same and that a Pearson's r of 0.50 means there is no statistically significant effect. Power Nylon shorts should cease production.
• 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 large effect, suggesting she should roll-out the launch of Power Nylon shorts.
• C) 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 Power Nylon shorts until more data analysis is done.
• 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 medium effect, suggesting she should roll-out the launch of Power Nylon shorts.

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Definitions:

Total Tax

The cumulative amount of taxes that an individual or entity is obligated to pay to the government, including federal, state, and local taxes.

Provincial Tax Brackets

The tiers of income ranges in Canadian provinces that determine the rate at which income is taxed, varying by province.

Cash Flow

The total net flow of cash transactions in and out of an enterprise, deeply affecting its liquidity quotient.

Stockholders

Individuals or entities that own shares in a corporation, giving them partial ownership and potentially a claim on its profits.