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Question 12 - CBDA discussion

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An analytics team is interested in reviewing the results of a public opinion poll that is going to be conducted at the end of the month. One of the factors the team is interested in, is ensuring the result set is statistically significant. Why would this factor be important to the team?

A.
To make sure the criteria for the target audience is met
Answers
A.
To make sure the criteria for the target audience is met
B.
Guarantee that the objectives of the poll are met
Answers
B.
Guarantee that the objectives of the poll are met
C.
Improve the likelihood of receiving a response rate of 100%
Answers
C.
Improve the likelihood of receiving a response rate of 100%
D.
Ensure that results are not biased or random
Answers
D.
Ensure that results are not biased or random
Suggested answer: D

Explanation:

Ensuring the result set is statistically significant is important to the team because it means that the difference or relationship observed in the data is unlikely to be due to chance or sampling error. Statistical significance helps the team to assess the validity and reliability of their findings, and to draw meaningful conclusions and recommendations from the data. Statistical significance also helps the team to communicate their results with confidence and credibility to the stakeholders and decision makers12

Reference: 1: An Easy Introduction to Statistical Significance (With Examples) - Scribbr 2: Statistical Significance in Experimentation and Data Analysis - All About Circuits

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asked 18/09/2024
Nael Abal
33 questions
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