WK#5-DB #1-BUS308.docx - For week 5 lecture number one...

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For week 5, lecture number one, everything seems new to me. We read and learned about confidence intervals for differences and statistics, and the difference between statistical and practical significance. Confidence intervals are ranges of values that can help make our decision with the question of pay within genders (Lecture, N.D.). Confidence intervals are not an absolute, only a range that is close enough for us to make a good decision when facing a tough question or one that is not so evident. Statistical significance relies on a sample size and its impact on the outcomes (Lecture, N.D.). But this could be a reason that the hypothesis is wrong or not. Practical significance happens when we have a large effect from a variable that caused the us to reject the null. This is called having a strong practical

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