You Are the CEO of a Sports Performance Forecasting Company

question 10

Multiple Choice

You are the CEO of a sports performance forecasting company. You have decided to adopt a Bayesian approach to data analysis and modelling. When you announce this new policy, your staff are unhappy and unconvinced, as they are used to a NHST approach. You stress that the Bayesian approach has several key advantages, including which of the following.

• A) You can reject null hypotheses without any data collection.
• B) You can evaluate statistical significance using p-values.
• C) You can evaluate the likelihood of the null hypothesis being true.
• D) You can evaluate complex statistical models without data.

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Definitions:

Gut-Level Communication

A form of interaction that is based on instinctual feelings rather than intellectual analysis.

Relationships

Connections or associations between two or more people, characterized by emotional, social, or professional interactions.

External Locus

An individual's belief that external forces, beyond their personal control, significantly influence their life’s outcomes.

Control

The capacity to impact individuals' conduct or the progression of happenings.