Question 7 1 pts Your CEO has just read a book on criticisms of the NHST and wor

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Question 7 1 pts 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? O NHST does have its flaws but everyone else uses it, therefore we should. O NHST is a flawless approach and the book was probably written by a disciple of the Bayesian approach. O 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. O NHST is a flawless approach and we need to invest in more data analysts who are trained in it. Question 8 1 pts Your CEO has followed your advice and now wants you to measure effect sizes. You report a Pearson's r of 0.50 for the impact of Unblock Me Now drain cleaner on reducing drain blockage time. Your CEO wants to know if this is bad, as she remembers that a p-value of 0.30 is not good. What do you tell her? O You tell her that effect size and p-values are the same and that a Pearson's r of 0.50 means there is no statistically significant effect. Unblock Me Now should cease production. You tell her that effect size and p-values are not the same and that a Pearson's r of 0.50 is a medium to large effect, suggesting she should rollout the launch of Unblock Me Now. O O You tell her that effect size and p-values are not the same and that a Pearson's r of 0.50 is a small effect suggesting she should stop the launch of Unblock Me Now until more data analysis is done. You tell her that effect size and p-values are not the same and that a Pearson's r of 0.50 is a medium effect, suggesting she should rollout the launch of Unblock Me Now.

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the correct answer is

"you tell her that effect size and p values are not the same and that a Pearson's r of 0.5 is a medium to large effect ; suggesting she should rollout the launch of unblock me now,

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