You are the CEO of a small financial 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 evaluate statistical significance using p-values.
B. You can reject null hypotheses without any data collection.
C. You can evaluate the likelihood of the null hypothesis being true.
D. You can evaluate complex statistical models without data.
Answer: C
You might also like to view...
. Which of the following is not a personality characteristic of charismatic leadership?
A. agreeable B. dominant C. strong moral values D. desire to influence
Which of the following statements is true about standardized tests?
A. They can be rapidly implemented. B. They are more expensive than other assessments. C. They produce ambiguous results. D. They encourage students to produce and reflect on their own work.
When you give a multiple-choice test to students in the first through fourth grades, it is best to ask students to write their answers on a separate sheet of paper.
Answer the following statement true (T) or false (F)
Which of the following is an example of a functional skill?
a. Folding clothes b. Folding a sheet of paper c. Sitting at a desk d. Smiling at a friend