Your CEO has just read a book on criticisms of the NHST and worries that all company data analysis is now flawed and will lead to huge financial losses. How might you reassure her?
A)NHST does have its flaws but everyone else uses it, therefore we should.
B)NHST is a flawless approach and the book was probably written by a disciple of the Bayesian approach.
C)NHST does have its flaws but if we incorporate an examination of effect sizes into our analysis, we should be able to trust our research outputs.
D)NHST is a flawless approach and we need to invest in more data analysts who are trained in it.

Question

Quizplus · Accepted Answer

It is true that NHST has its flaws, but completely dismissing it as a method for data analysis may not be the best solution. Incorporating an examination of effect sizes can help us understand the magnitude of the effect and the practical significance of the findings. This can help us interpret the results more accurately and make informed decisions based on the data.

Your CEO Has Just Read a Book on Criticisms of the NHST