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Statistical significance is not the same as significance in business terms. I can't imagine anyone would use such an approach when deciding how much data to col
by randomsearch 12y ago
Statistical significance is not the same as significance in business terms. I can't imagine anyone would use such an approach when deciding how much data to collect.
- jnbiche 12y ago>Statistical significance is not the same as significance in business terms Depending on the level of significance, why not? If it's expensive or simply not possible to gather the full data set, sampling is absolutely a valid basis for business decisions. Why wouldn't it be?