Business Research Methods, business and finance homework

1. What are five descriptive statistics used to describe the basic properties of variables? Briefly define each. Give an example of how two of them are related.(Those commenting can discuss the initial response or suggest other relationships of 2 descriptive statistics.)

2.What is the difference between a significance level and a p-value? How is a p-value used to test a hypothesis? Can you think of a way that a p-value can be misused in a statistical test?

Note: 250 words for each item

 

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